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Non-Tech : Binary Hodgepodge -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (596)	6/7/2003 12:33:28 AM
From: ~digs	Read Replies (2) \| Respond to of 6763

[23:27] > naz100 .. dark cloud cover candlestick formation w/ accompanying volume [23:27] > stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Uk14]&pref=G [23:28] > renegadesolutions.net [23:28] > The Dark Cloud Cover bear is a reversal pattern and the counterpart of the Piercing Line bull pattern. The Dark Cloud Cover bear pattern only occurs in an uptrend. Typical in an uptrend, a long white candlestick is formed. The next day the market gaps higher on the opening however that is all that is remaining to the uptrend. The day after the market drops to close well into the body of the white day, in fact, below its midpoint. Anyone who was bullish would certainly have to rethink their strategy with this type of action. Like the Piercing Line bull a significant reversal of trend has occurred. [23:28] > dow .. shooting star candlestick formation at horizontal resistance [23:28] > stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Uk14]&pref=G [23:29] > renegadesolutions.net [23:29] > The Shooting Star bear pattern occurs during an uptrend and indicates an end to the upward move. The Shooting Star pattern looks exactly the same as the Inverted Hammer bull. The difference of course is the preceding days candlestick and that the Shooting Star bear occurs at market tops. The market gaps open above the previous day's close, rallies to a new high then loses strength and closes near its low for the day. This action, following a gap up, can only be considered as bearish. The length of the shadow will help determine its strength. Certainly, it would cause some concern to any bulls that have profits. Confirmation of the trend reversal would by an opening below the body of the Shooting Star bear, a black candlestick, a large gap down or by a lower close on the next trading day. [23:31] > many bearish engulfing candles for index components [23:31] > a few gravestone dojis