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Re: THE GREEN EAGLE post# 1778

Wednesday, 01/21/2009 10:48:25 PM

Wednesday, January 21, 2009 10:48:25 PM

Post# of 4858
Not a conclusive argument, IMO.
from Bulkowski’s Black Spinning Top http://thepatternsite.com/SpinTopBlack.html

"A black spinning top is a small candle with tall shadows. Candle theory says that it acts as with indecision. Testing reveals that it is a reversal 51% of the time. Thus, theory and reality agree. If you can call it good news, the black spinning top ranks 1 for frequency. That means it appears as often as weeds in a vacant lot. Performance ranks 73rd, or near the other end of the scale. The bottom line on this candle is it does not amount to much of anything."

"The bottom line on this candle is it does not amount to much of anything."

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