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

To: TechTrader42 who wrote (27198)	1/7/2002 10:36:21 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Here are the complacency indexes for today and Friday. ST Naz CI: 66.457, 80.706 MT Naz CI: 68.588, 80.706 LT Naz CI: 94.267, 96.478 ST S&P CI: 94.156, 97.990 MT S&P CI: 95.48, 97.99 LT S&P CI: 99.238, 99.661 Today's numbers for the S&P show a reversal from extreme overbought conditions. Intraday near the close Friday, all the S&P CI's were above 99. The S&P was overbought in all time frames. The Naz didn't look quite as overbought in the ST and MT, though it was at an extreme in the LT. Complacency will fall significantly at some point. It remains to be seen when it'll plummet, and why.T A looks back, not forward. We can make educated guesses based on it, but that's about it. Certainty about the future is a delusion.

To: TechTrader42 who wrote (27198)	1/7/2002 10:57:41 PM
From: ajtj99	Read Replies (1) \| Respond to of 52237

Thanks, Brooke. Stockcharts explains it well, but their illustration shows a gap down on the 3rd day. The text says a big black candle, not a gap down. I think when I originally read this on that site I locked in on the graphic and not the text. I also believe this may be a common mis-conception.

To: TechTrader42 who wrote (27198)	1/7/2002 10:58:37 PM
From: timers	Respond to of 52237

star need not be an "island". Star becomes a star by the gapup that made it. 3rd day must close well into 1st day body. although i've seen it described other ways regularly. altavest.com click on all these... google.yahoo.com a very good pic here.... candlestickshop.com Star (Bearish) still can't find an exact pic though in which second day traded lower than 3rd. have to ask donald. btw where is he?

To: TechTrader42 who wrote (27198)	1/7/2002 11:12:51 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

Definitions are so restricting aren't they? :) What happens next of course is the interesting piece. Its clearly been topping movement, but the daily chart is still pointing up. But not for long, I think. Mid day price had a few opportunities to save itself but it was not to be, to be. Good spotting!

To: TechTrader42 who wrote (27198)	1/8/2002 8:13:34 AM
From: Jerry Olson	Respond to of 52237

Brook one of the best short patterns you'll see..daily---5--15 it matters not..turn it upside down and get long<G> my favorite long side trade..

To: TechTrader42 who wrote (27198)	1/8/2002 9:41:02 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

Intriguing discussion. I thought a gap down forming a red candlestick was an evening star, at least that's how Litwick defines it. It was definitely a bearish engulfing, however; the previous day's body was completely engulfed, not that that's hard to do with a doji. Odd that we made a new intraday high, but not a new intraday low from the previous day. We took that out this morning, however.

To: TechTrader42 who wrote (27198)	1/8/2002 10:43:44 AM
From: Monty Lenard	Respond to of 52237

Brooke for what its worth. I agree with you. The Evening Star only requires a long white candle with an upgap the next session. No downgap required on day 3. The upgap on day 3 with the sell off (Monday) actually created an "Upside Gap 2 Crows"(3 day formation). Monty

To: TechTrader42 who wrote (27198)	1/8/2002 10:48:25 AM
From: Monty Lenard	Read Replies (2) \| Respond to of 52237

The quote you referred to from Nison EVENING STAR – A MAJOR TOP REVERSAL PATTERN FORMED BY THREE CANDLESTICKS. THE FIRST IS A TALL WHITE REAL BODY, THE SECOND IS A SMALL REAL BODY (WHITE OR BLACK) WHICH GAPS HIGHER TO FORM A STAR, THE THIRD IS A BLACK CANDLESTICK WHICH CLOSES WELL INTO THE FIRST SESSION’S WHITE REAL BODY. EVENING DOJI STAR – THE SAME AS AN EVENING STAR EXCEPT THE MIDDLE CANDLESTICK (i.e., the star portion) IS A DOJI INSTEAD OF A SMALL REAL BODY. BECAUSE THERE IS A DOJI IN THIS PATTERN, IT IS CONSIDERED MORE BEARISH THAN THE REGULAR EVENING STAR From Monty :-) Upside gap 2 Crows - THE SAME AS AN EVENING STAR OR EVENING DOJI STAR EXCEPT ON DAY 3 THE MARKET OPENS ABOVE THE REAL BODY OF DAY 2 THEN CLOSES BELOW THAT SAME REAL BODY FORMED ON DAY 2. This is one of my FAVORITES as you well know. Monty