Wednesday, May 18, 2005 1:13:47 AM
sebass,
sorry..didn't mean to pry--american bulls can be so misleading in my opinion--they are incorrect in stating a bearish dark cloud cover ..and this is not an opinion(imo...lol)--a dark cloud cover is a long white candle stick that is followed by a black one that opened higher than the previous candle's(high or close)..the bearish candle(it's body) will penetrate more than half way through the previous candle stick's body at close)---what we have is a bullish candle stick..followed by a high wave candle(still bullish..closed higher than previous close)..followed by a spinning top--with regards to it touching the band...there is a good chance it will make a ride up it..given the slow stochastic..if not it will be driven down to the bottom band and bounce off and up(good possibility)--i can't stress enough how inaccurate(in italics) american bulls is by saying this:
"Today a Short Black Candlestick was formed. This implies relatively weak selling pressure with little price movement.
The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended. "
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTEL&MarketTicker=OTC&Typ=S
i'm not a fan of a high wave candle..it shows lack of direction in my opinion..but they are going a bit overboard with tagging it a bearish dark cloud pattern
sorry sebass..some things really eat at me..lol--best of luck to you
sinc,
bill
sorry..didn't mean to pry--american bulls can be so misleading in my opinion--they are incorrect in stating a bearish dark cloud cover ..and this is not an opinion(imo...lol)--a dark cloud cover is a long white candle stick that is followed by a black one that opened higher than the previous candle's(high or close)..the bearish candle(it's body) will penetrate more than half way through the previous candle stick's body at close)---what we have is a bullish candle stick..followed by a high wave candle(still bullish..closed higher than previous close)..followed by a spinning top--with regards to it touching the band...there is a good chance it will make a ride up it..given the slow stochastic..if not it will be driven down to the bottom band and bounce off and up(good possibility)--i can't stress enough how inaccurate(in italics) american bulls is by saying this:
"Today a Short Black Candlestick was formed. This implies relatively weak selling pressure with little price movement.
The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended. "
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTEL&MarketTicker=OTC&Typ=S
i'm not a fan of a high wave candle..it shows lack of direction in my opinion..but they are going a bit overboard with tagging it a bearish dark cloud pattern
sorry sebass..some things really eat at me..lol--best of luck to you
sinc,
bill
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