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


To: Paul Shread who wrote (14637)8/10/2001 7:23:40 PM
From: donald sew  Respond to of 52237
 
Paul,

That hammer/hanging man on the DOW weekly would be a better indicator if it was after a clear rally or pullback.

Thanks for pointing those charts out.



To: Paul Shread who wrote (14637)8/10/2001 8:21:07 PM
From: Bert  Read Replies (1) | Respond to of 52237
 
It's hard to see how the Dow is going to reverse the monthly evening star to the upside considering the growing mood towards negativity in the broader equities, excluding the PM stocks of course, and also with the other indices looking weak on the weeklies...we shall see. Perhaps one more test of 10,680 next week, ultimate failure, and a down close into the month...but what do I know?

Bert



To: Paul Shread who wrote (14637)8/10/2001 10:21:05 PM
From: bobby beara  Respond to of 52237
 
Is a weekly hanging man on the Dow worth anything?>>>

not really, one note (or even three note) candelstick patterns are more reliable if they are hit on an overbought or oversold market or at pivots against resisitance, the dow is in an indecision pattern and is midrange weekly.



To: Paul Shread who wrote (14637)8/10/2001 10:40:08 PM
From: bobby beara  Read Replies (3) | Respond to of 52237
 
stockcharts.com