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: Paul Shread who wrote (26690)	12/28/2001 5:59:25 PM
From: ajtj99	Read Replies (2) \| Respond to of 52237

Paul, I think the shadow above on the NDX candle is too short, and the body too wide to be a gravestone doji. I believe it is a shooting star. We've had an inverted hammer (reversal), spinning top (indecision), and a shooting star (reversal) all after those 2-days of Harami Crosses (reversal). Those were after the big red candle. At first glance, it seems to add up to a whole lot of nothing, which is what we've had recently. What do I make of this? Well, I think it is significant that the shooting star is the only one that formed above the big red candle. That could indicate the resistance above the 200-day SMA is formidable, and we may need to consolidate a bit more before a short covering rally can take us above it or a big failure takes us down for good. I guess I'm waffling just like the sticks <G>.