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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (11389)	1/1/2002 10:34:22 PM
From: jim_p	Read Replies (1) \| Respond to of 23153

Bearish Engulfing Patterns developed for TOL, RYL and PHM Friday. Tomorrow should be interesting. The bearish engulfing pattern is bearish and indicates that the bears have seized control from the bulls. The first candlestick is white, indicating that the bulls were in control and rallied the security to close higher than the opening level. The next period, the bulls were still in control on the open and the security advanced during the period. However, the bears resurfaced later in the period, and selling pressure forced the security down by the close. In fact, the selling pressure proved so powerful that the price closed below the previous open and the ensuing candlestick engulfed the previous candlestick, hence the bearish engulfing pattern Jim