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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11434)4/19/1999 3:11:00 PM
From: Steve Swanson  Read Replies (1) | Respond to of 99985
 
Don,

I looked at the naz and it is showing a BLACK MARUBOZU. If it closes like this would this be considered a bearish reversal? Meaning it plans on going back up or continue going down as it did on Feb 4 thur feb 18 before it reversed and started upward.

I understand the BUY IN time is todays or tomorrows low, just curious on the formations of the candlesticks. When AOL created the BLACK MARUBOZU I hedged it and has worked out great.

I want to thank everybody on this thread for their teachings.



To: donald sew who wrote (11434)4/19/1999 3:11:00 PM
From: Les H  Respond to of 99985
 
Don Hays drew a parallel to last April. The averages would top out earlier in the month and then diverge with perhaps the Dow making the final high by the end of April. Tomorrow's Super Tuesday with financial stocks reporting may provide another opening rally to sell into.


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