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To: Warpfactor who wrote (14844)7/3/2002 11:53:07 AM
From: hitsoft17  Read Replies (2) | Respond to of 23153
 
I have discovered an important variation of the "Three Crows" Candlestick Pattern I thought I would share with you. I am calling it the "three buzzards" pattern.

As exemplified by the attached chart for Harrahs Entertainment, it signifies severe dumping on low volume in response to fear of the unknown. The buzzards signify the circling of vultures around the baby that has been thrown out with the bath water.

This pattern is also known in other parts of the country as the "three chicken" pattern and is a strong indicator of immediate reversal.

stockcharts.com[h,a]faclyyay[d7][pb50!b200!b20!b10!i!f][vc60][iut!lb14!la12,26,9!lc20,3!lk14!lf!lh14,3!ld20][J0,Y]&listNum=1

hitsoft17