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

To: phillong69 who wrote (11108)	7/6/2001 3:56:51 PM
From: donald sew	Respond to of 52237

Phillong, >>>> I'm not 100% sure, but I thought you need a gap up as well as lack of shadow for it to be a proper black crow. The idea being that on day one, the market sells off after the open and closes near the lows, day 2 the bulls are frisky and gap it up, only to see the same thing happen. Day 3, the bulls can't believe how cheap everyting is, and gap it up again, only to loose all day long. After that, the bulls aren't frisky anymore <<<< Actually you are describing the normal "3-BLACK CROWS" which is quite negative, but not as negative as the "IDENTICAL 3-BLACK CROWs" where the close and open of the next day is the same.