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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (695)	2/22/2001 7:38:39 AM
From: donald sew	Respond to of 52237

Macavity, >>>> I thought these were reversal patterns. Can you also treat them as continuation patterns? <<<< I cant find the post where I addressed this question during the previous 3-BLACK CROWs on the OEX (FEB 7-8-9). It is common that after the 3rd day of the 3-CROWs a small rebound occurs then the selling resumes/intensifies, which also makes it a continuation pattern. If you look at the 3-CROWs on FEB 7-8-9, the next day the OEX rallied and a few more days of flatness before the next phase of selling started which created another "IDENTICAL 3-BLACK CROWs". As mentioned previously, I dont always go by the text-book, and I actually never read a book on candlestics. Im mainly self trained and had some tutoring from an old-timer who used candlestics trading rice and spices in Asia. Identical 3-BLACK CROWs is where the close and the open of the next day is the same. Some thought that the candles also had to be the same in length, which is not necessary. Just to point out that the 3-CROWs on the SPX/OEX/RUT are really text-book examples of IDENTICAL 3-BLACK CROWs since they all had candles of equal lengths.