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

To: Paul Shread who wrote (27209)	1/8/2002 9:52:52 AM
From: Casaubon	Respond to of 52237

IMO, the exact construction of the evening star is not the critical factor but rather the "action" on the the star as well as the where it develops in the "trend". Evening stars which develop late in a price advance are reliable patterns. With the VIX reaching complacent levels and deteriorating business environment, the pattern should be heeded, IMO.

To: Paul Shread who wrote (27209)	1/8/2002 10:52:02 AM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

FWIW: A trading pal who knows a thing or two about candlesticks, Monty, says it is an evening star, in his view, and the gap isn't necessary. He said, "I find the 'real world' not perfect when it comes to most candles." I think Don has said something similar, that you have to base your definitions on experience, too. Monty adds that the formation could also be interpreted as an "Upside Gap 2 Crows, which is a 3-day formation that is one of the most reliable there is for shorting." Anyway, 'nuf of that. I agree with Warren B., that there aren't any (or at least many) undervalued stocks in this market.