ajtj99's Market Pulse

[Justa Werkenstiff]

AJ: Right, and they are expanding crows on the comp and ndx with each body growing in points as the pattern progresses. And there is very little overlap. I looked at ten years of data and havent seen crows on the weekly. This is a very bearish pattern.

Now let's look at the ndx. This pattern started at the upper bollinger band on the weekly. Now are we to believe that this extremely bearish pattern can't get us to at least the lower bb at ndx 1371 currently? The other two declines have gotten to the lower bb. Why not this one as it is one of the most bearish patterns out there?