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

To: donald sew who wrote (24248)	8/13/1998 7:38:00 PM
From: HairBall	Read Replies (3) \| Respond to of 94695

Donald: <David, Great call on the downturn today.> After yesterday's gap up in the futures, and the fact that we gappped significantly down on Tuesday, we have just formed a candlestick pattern on the futures with extremely significant bullish implications. Because Tuesday's entire trading range was not breached by either Monday or Wednesday, and the fact that Tuesday was close enough to a Doji to be a Doji, we now have...yep, you guessed it, AN ABANDONED BABY REVERSAL PATTERN in place. You could call it an island reversal if you're from the old school... But I've been told this one is just about automatic for a trend change, at least short term (5 to 10 days). I must have missed something, I don't see a call for the market to go down today (Thursday) here? BWDIK Regards, LG