Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: donald sew who wrote (17333)	8/30/2001 2:59:24 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

For those who are not familiar with the "3-BLACK CROWS" pattern, it is a very reliable and one of the most negative candlestic patterns. After a 3-CROWs the index either continues straight down or could bounce. A bounce that follows immediately after the 3rd day of the 3-CROWs should be small and not exceed 1/2 of the total length of the 3-CROWs. Thereafter, selling should resume and commonly intensifies forming lower lows. What makes a 3-CROWs more negative than other candlestic patterns is that the negative effects could linger for some time, while most candlestic patterns are for the short/immediate term. Also, there are 2 types of "3 BLACK CROWS", the normal 3-BLACK CROWS and the "IDENTICAL 3-BLACK CROWs". The IDENTICAL 3-BLACK CROWS" are more negative. Unfortunately the DOW is working on forming an "IDENTICAL 3-BLACK CROWs" if it closes at/near todays lows