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


To: donald sew who wrote (24094)11/14/2001 8:56:33 PM
From: Nancy  Read Replies (1) | Respond to of 52237
 
don,

can i call ntap's chart an evening star ?



To: donald sew who wrote (24094)11/14/2001 9:06:35 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 52237
 
Donald: Re: "Having said that I have also seen them just produce normal size pullbacks, but as you implied, evening stars could produce larger pullbacks."

No, I see a big one (trend change)coming here, if we get the evening star. Maybe we get some lower high rallies from your Class One Buys. When is the last time you had a Class One Buy? It could take some time. But I sense an intermediate term peak.

In conjunction with the evening star, if we get one, we have had nine higher VIX opens than closes ending with today. Such patterns are rare. In the January rally, we had five such days before rally end. In the May rally, we had seven such days. In the August rally, we had six days.

Today was the end of that pattern and suggests a turn of major proportions.



To: donald sew who wrote (24094)11/14/2001 11:05:52 PM
From: pressboxjr  Read Replies (4) | Respond to of 52237
 
Talking about candle patterns, has anybody mentioned the bearish engulfing pattern on MSFT daily chart?