Sunday, September 17, 2006 7:39:16 PM
Recognition Criteria:
1. Market is characterized by downtrend.
2. We see a long black candlestick.
3. Then we see a long white candlestick whose opening price is below previous day’s low on the second day.
4. The second day’s close is contained within the first day body and it is also above the midpoint of the first day’s body.
5. The second day however fails to close above the body of the first day.
Perhaps it is time to take long positions... let's see if we can't get a white candlestick, a large gap up or by a higher close on Monday!
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