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To: Gottfried who wrote (87668)2/18/2001 8:45:42 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Right. It's a "dark cloud cover"

candlestick pattern. IMO, it indicates a counter-trend consolidation after the good rally the week before and a few days after the release of MWP qtrly earnings which exceeded consensus by a wide margin.

What do you notice about this next chart? Unlike MWP, LOILY is a stock owned by quite a few threadsters. So, even on a holiday weekend, we might get more than one comment on this one(g).

stockcharts.com[h,a]waclyymy[pd20,2][vc60][iLh14,3!Li14,3!Lf!Lb14]