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Re: Pennyland post# 147

Sunday, 12/31/2006 2:22:58 AM

Sunday, December 31, 2006 2:22:58 AM

Post# of 175
pattern is strong looking.

Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.
For more about this candlestick click here.

The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.

The last three candlesticks formed a Bullish Morning Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
For more about this pattern click here.



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