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

To: The Freep who wrote (22206)	10/20/2001 7:49:32 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

Freep, >>>> on your three day patterns, I seem to recall that they had a better chance of being true if they were in the direction of the current trend. Am I making that up? If I am recalling correctly, that could also help explain why we didn't get a big down day on Friday as well: the current trend had been up until Wednesday's meltdown. Sure, the larger trend has been down for some time, but I'm guessing your 3 day patterns use shorter term technicals/trends. <<<< Actually, the 3-DAY PATTERN would hint towards the longer-term pattern, so in this case it would be bullish. However, FRIDAY(DAY-3) was option expiration which may have skewed things. If selling resumes on MONDAY and onwards, then I would just interpret the failure of the 3-DAY PATTERN as being skewed by option expiration.