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

To: timers who wrote (4246)	3/27/2001 11:49:55 AM
From: donald sew	Read Replies (3) \| Respond to of 52237

Tabler, >>>> on 10/31 the spx completed 3 white soldiers no? and look what happened the ensuing days. how is that bullish? <<<<<< I just checked my charts on the SPX at the end of OCT and I dont see 3-WHITE SOLDIERs. There were 3 WHITE days in OCT but there was a gap between the 2nd and 3rd day which makes it an imperfect formation/invalid formation. The current possible 3-SOLDIERs, is also an imperfect formation as mentioned previously, but its less imperfect than the one in OCT. A general rule, I was taught in candlestics was that gaps between the bodies after a significant move, commonly preceeds a reversal, not necessarily immediately, which occured with that OCT pattern you mentioned. The basic rule of thumb for the 3-CROWs and 3-SOLDIERS is that there should be no gaps between the bodies, not even a slight one.