Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (7882)	5/15/2005 8:24:07 PM
From: Sal D	Read Replies (1) \| Respond to of 23958

Ray I’m not familiar with Vic Sprandeo's 1-2-2B-3 pattern. As I understand it an Island reversal is a combination of an exhaustion gap (a gap that occurs at the end of an important trend, and signals that the trend is ending…..one like EMC had at the end of the downtrend that started in the beginning of January and exhausted itself with gap down on 4/15) in one direction and a breakaway gap( a gap that occurs on the completion of an important price pattern and usually signals the beginning of an important price move) in the other direction within a few days (one like EMC had at 4/15, 4/18 with gap up 4/19). Usually resulting in two or three trading days standing alone with gaps on either side (the island). Just like EMC did. YHOO doesn’t have that exhausted gap that EMC had thats why it's not an island reversal(no island). Nice to meet you as well.