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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (71251)6/25/2005 10:12:40 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
I know, and I did not claim that -g-. All I'm saying is that an
outside reversal day followed by an outside reversal week
for the NAS is making the daily and weekly chart look ugly.
Now, we did not have to close below that, just to violate it
and close in the lower range.

These are trend reversal candlesticks. This is one candlestick
only (at least, on a weakly charts). Now, we are pretty
oversold, and I expect a bounce early next week. That's normal.
GZ taught me this, a while ago -g-

I think he agrees now -g-
Message 21446541
Message 21448885

Now, DOW theory also gave a sell

financialsense.com



To: William H Huebl who wrote (71251)6/25/2005 10:20:04 AM
From: Moominoid  Read Replies (1) | Respond to of 94695
 
Iranian election might affect oil prices... I think the new president is more CHavez than Taliban. Maybe we will be thankful that the Supreme Leader might keep him in check :)



To: William H Huebl who wrote (71251)6/25/2005 10:32:33 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
gannalyst.com

This is one of Gann's reversal patterns.
The rule is to use it as a confirmation, not as a primary
tool.