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: Justa Werkenstiff who wrote (21356)	10/11/2001 8:10:59 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

Justa, >>> Here is the May bullish engulfing failure (early May): stockcharts.com[w,a]da... <<<< Thanks for posting that chart. Again, Im not sure that it will fail, but was pointing out that from my experience BULLISH ENGULFING patterns arriving after a rally are not as reliable compared to those arriving after a selloff. Right now the futures are up nicely, and it that does not change the NDX/NAZ should have some sort of a gap at the open. Im more incline to say that the NAZ/NDX will close with a small candle body/doji or less(black candle). If the NAZ/NDX closes with a large white day, I would consider that as being quite bullish for the longer-term, hinting that the forthcoming short-term pullback should be small, producing a HIGHER LOW, which would be a hint that the mid-term(30 day) trend may be changing. Of course to confirm a mid-term trend change, would want to see a LOCAL HIGHER HIGH after that possible HIGHER LOW.