SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TechTrader42 who wrote (17324)8/30/2001 2:29:17 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
They worked pretty well on the decline from September-April.



To: TechTrader42 who wrote (17324)8/30/2001 2:43:11 PM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Brookelise,

>>>> Only one reservation about that three black crows pattern with the SOX. Generally, it's better if they appear "at high-price levels or after a mature advance," as Nison writes. The SOX has been muddling along in a range, despite some institutions' best efforts to talk it up. <<<<<

I am aware of that belief and that has been brought to my attention in the past. The text book basicly refers to the 3-CROWs as a reversal pattern, but I consider it a continuation pattern. After the NAZ/NDX topped out at 5000 and already started its decline there were quite a few 3-CROWs which were successful.

I am not critisizing NISON, but I was not trained by a text book, but did get some tutoring from my grand uncle who used candlestics exclusively in the rice and spice trade in ASIA/S.E.ASIA, back around WWII. Also, Im not saying that he was that good either, since I believe he also forgot alot, regardless I wasnt trained by a text book.



To: TechTrader42 who wrote (17324)8/30/2001 5:02:15 PM
From: Monty Lenard  Read Replies (1) | Respond to of 52237
 
Brooke, I tell you what else gives me reservation on the sox candle today. It closed well off its LOW and the real body is contained within the real body of 8/24/01. Sooo...I say it very well could bounce tomorrow. It is of course a tough call but I sure would not want to be short that index tomorrow.

Monty