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To: MythMan who wrote (93164)4/11/2001 7:20:29 PM
From: UnBelievable  Respond to of 436258
 
Abandoned Baby Bearish

Pattern: Reversal
Trend: Bearish
Reliability: High

How to Identify it

First day is usually a long white day
Second day is a doji that gaps in the direction of the previous trend
The third day is a black day, gapping in the opposite direction, with no overlapping shadows
What it Means

In an uptrend, the market builds strength on a long white day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario definitely shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third day, which is given extra validation by the downward gap.

Subject to confirmation: $SPX, $NDX, $COMPX, $IXCOX

MSFT, CSCO, C, TXN, to name a few.



To: MythMan who wrote (93164)4/11/2001 8:30:18 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
any thought at a first jail term from bob on his new gig?



To: MythMan who wrote (93164)4/11/2001 8:57:58 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
good... now we have a back up