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

To: Justa Werkenstiff who wrote (21323)	10/10/2001 4:54:19 PM
From: donald sew	Respond to of 52237

Justa, >>>> COMP today and yesterday shows bullish engulfing pattern. Let's see if tomorrow gives us three outside up. << Justa, ya getting good with your candles. Would like to add the point that I have seen BULLISH ENGULFING PATTERNs reverse downwards when they arrive after some upmovement. I feel that an ENGULFING PATTERN has a better chance of succeeding after a period of selling. One example of this is during the 1st week of MAY, where after a small rally there was a BULLISH ENGULFING that reversed downwards. Not to say it will fail for sure, just that I have seen some, not all, with similar environment fail. Here's a moderate/low reliability pattern. THRUSTING pattern on MSFT, which is hinting that selling could resume as early as tomorrow on MSFT.