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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Bert who wrote (25924)	1/17/2003 4:18:05 PM
From: gold$10k	Respond to of 36161

Hi Bert, I am in agreement with you. Not fundamentals here, just trading rhythm and psychology. Many ways to read the chart... you could see the beginning of an uptrend line and support on the hourly chart. I'm not guessing... got some profits locked in, got cash, got PM juniors. I believe that this is just short term thrashing around before more upside, but this may still be the multi-week February pullback come early. Even the shadow don't know on this one. Regards, vt

To: Bert who wrote (25924)	1/17/2003 5:20:53 PM
From: gold$10k	Read Replies (2) \| Respond to of 36161

Bert, About dark cloud cover... Nison's candlestick bible says, "(it) is a top reversal pattern after an uptrend or, at times, at the top of a congestion band.". So even though you are correct about the two candlestick pattern, I don't believe that either of the other two criteria are met for it to qualify as "dark cloud cover". Regards, vt

To: Bert who wrote (25924)	1/17/2003 7:09:16 PM
From: aktony	Read Replies (1) \| Respond to of 36161

Dark-cloud cover candle. Not to belabor - or perhaps to belabor - a point, Nison says a dark-cloud cover candle is "a long white candlestick followed by a black candlestick that OPENS ABOVE the prior white candlestick's high." Today's dark candlestick did not open above the prior white candlestick's high. Nonetheless, it may signal a modest pullback as have recently similar candlestick patterns designated in the chart below. There is one alert signal, however, which did not occur in the earlier patterns and that is the 8 SMA crossing below the 20 SMA. stockcharts.com[w,a]dacaynay[da][pb50!b8!b200!b20!f][iut!uya7,14,28!lh39,3!la8,17,9][j9616339,y]&listNum=3