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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (31580)	5/3/2012 2:46:59 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 218838

A wiggle pattern is a very rare daily chart pattern which, when it occurs, is better than 85% reliable... the pattern takes three days to form, but they can take as many as 7 or 9 days to complete when they become more complicated... but, the classic is the basic three days pattern... take a look at this chart pattern below, it's a classic: First, you notice we have an outside key reversal day... then, the second day has a lower low and a lower high yet it closes higher... then, today's range MUST rally above the second day's high and then close below the low of the first day... if we see this pattern complete itself today, then the likelihood of more selling tomorrow is 85% reliable... you can spend hours looking at all kinds of charts, you will not see this pattern except on a very RARE occasion... and this three day pattern we now witness is a genuine classic since it has no variations in it whatsoever... The inverse is true for a three day buy wiggle... but, I have not seen any in a very long time, longer than I can recall, that's why today's sell wiggle is a sight to behold... GZ