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

To: Compadre who wrote (43655)	3/4/2003 11:38:01 PM
From: Stephen	Read Replies (1) \| Respond to of 52237

jaime, I don't think a candlestick 'reversal pattern' can be considered relative after the general market (as per the SPX) is down from its peak 10 days ago. That pattern is meant to show a top - not one that occured 10 days ago !!. Also, the January pattern you refer to was relatively high in the bollinger band. We hit the bottom of the band today with an extreme trin reading. I'm not saying the market can't go down from here - but it certainly isn't the percentage play and I will look to be going a trading long tomorrow given the opportunity. And I certainly wouldn't want to be short. Given the readings - a piece of positive overnight news and the market could gap and explode upwards. JMHO ...fwiw Regards Stephen