World Surveillance Group Inc (fka WSGI)

[william2112]

lowtrade,

trying to get me in trouble..lol---oh well...lets look at the pattern---start with the doji(dragonfly) on April 20th--that is a reversal candle depending on... an overbought/oversold condition..more of these or similar candles in your time frame(if yes..not as strong)...and a confirming candle--i can only answer that there is a confirmation with the stand alone "shaved head" on the 21st ...both days having healthy volume--the 22nd is somewhat like a "near doji" indecision showing reversal or continuation(look at the volume)--now we have your "shooting star"..there is no window(from previous body only in this case)..so it diminishes it's strength with regards to being "real bearish"(now associate that with a two day rally..even less bearish)--i think the key here is to study the volume via intra day as to establish the tall upper shadow(sample may be poor)--over all it seems like a continuation being that it broke through the 20ma..but to be quite honest..its a bummer of a candle after a day of indecision, but it may be a fools candle..so study the volume on that day to arrive at a good sample with regards to the upper shadow..hopefully i answered your question without answering it...lol

best of luck..sinc,

bill