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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Michael Watkins who wrote (973)1/31/2001 11:49:50 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
>>Its followed by a white spinning top and then a smaller range black spinning top, correct?<<

Cherry Bomb
#1- you have one long or a series of white's rising.
#2- then a spike up with a small dark body and no lower tail, body is even or below the top of the white bar.
#3- followed by a bar that's at least below the spike.

It's actually a three bar pattern in any time frame.

In this case their's the Greenspan bar spike, but ignore that and you've got the pattern. (at Least the bodies lower)



To: Michael Watkins who wrote (973)2/1/2001 3:33:29 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Another Cherry Bomb classic formed....
Good for 15 points

ES01H - 6 min charts at about 12:00 today on q.charts

Rising market - a spike up and the required body.