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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (19611)	7/2/2001 7:10:26 PM
From: pressboxjr	Read Replies (1) \| Respond to of 30051

There is a gap around 2085 needs to be filled... uh huh, there sure is. But that is where the "island reversal" occurred. There is also another gap around 1961 where a similar island reversal took place. If you look at the chart where that took place and examine the candle patterns, you will see something very close to what we had then (Apr 18,19,20). Pretty interesting stuff. Zeev, is this what you saw? Also, perhaps that is your reasoning as to why if we breach 2084, we go lower. As we all know, filling that gap and breaching it would give a bearish signal as the island reversal would have failed.