SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (17747)8/24/2003 5:28:23 PM
From: Andrew  Respond to of 39344
 
I was looking over some charts and I found that Bear key reversals at market highs are always followed by sharp market drops. In fact Bear keys that make new recent maket highs are difficult to find there are not very many.

There are more Bearish engulfing patterns where a dark candle envelopes the previous days real body but on the charts a Bear key is even more significant because as far as I know it means gapping up above the previous days close making a new high for the move and then closing below the previous days low.

I challenge anyone to find a bear key or even a bearish engulfing that didnt result in a sharp market drop.

Nothing is for sure but Monday could be the start of some ugliness, or not if you are short and perhaps gold shares wont be spared either.