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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (2042)4/11/2001 9:47:21 PM
From: Tom McIlwain  Read Replies (1) | Respond to of 5144
 
What is a "cloud formation"?

I believe he is referring to a candlestick pattern called "Dark Cloud Cover"

Here is a good online reference to candlestick patterns.

offshore-investors.com

Personally, I pay attention to the patterns, but have not gone to the trouble of memorizing them specifically. I just assess their meaning using common sense.

Tom



To: Davy Crockett who wrote (2042)4/11/2001 10:08:09 PM
From: Shaw  Respond to of 5144
 
Hi Pete,

I think it is called a "dark cloud". Candlestick reversal pattern I believe. Look at the link I gave Cush in that post. On Mar 7th DSG had the "dark cloud" and today the same pattern formed (the long white one followed by the black one) . I am waitng for confirmation in the morning.

I think the above is correct but my lingo may be a bit off.

EDIT: Just read Tom's post. Sorry for replying, while he gave ya the goods!


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