Zeev's Turnips Patch-No Politics (ZEEV)

[Fred Langford]

Posted by Donaldsew on Tuesday, January 21, 2003 - 5:44 pm:

3-BLACK CROWS

Last FRIDAY we got IDENTICAL 3-BLACK CROWs on the SOX and NWX.

Today we got IMPERFECT 3-BLACK CROWs on the DOW/SPX. Yes I realise
they don't fit the
textbook definition, but I don't always follow
the textbook. A key issue with the 3-CROWs is that the 3-CROWs are
similar in size, or that they get progressively larger (not in
text-book, where DAY-2 is larger than DAY-1, and DAY-3 is
larger than DAY-2). I would have preferred DAY-1 to have been a little
larger, therefore I am calling them imperfect.

Once the 3-CROWs pattern is completed, it is not uncommon to see some
sort of a bounce before selling resumes/intensifies, especially since
they are also arriving at the same time of the many CLASS 1 BUY
signals