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To: Wildstar who wrote (42700)4/19/1999 10:03:00 PM
From: stan s.  Read Replies (2) | Respond to of 95453
 
Hence the emphasis on the overall pattern not the day. The pattern is very reminiscent of the cup and handle. By pattern I mean the entire chart as depicted. It's not classic for a few reasons not the least of which is an absence of a volume chart for this and most indexes.

In most Candlestick jargon, today would not quite qualify as a long upper shadow, not long enough.

My post was rife with cautionary language due to the carnage of/in some stocks and indexes today and I advised a dip to low sixties was definitely in the realm.

I believe I also mentioned a number of oil relateds' were still fighting resistance.

Stan