Replies to post #12554 on Archie's Corner (POW)

[Archangel]

ARCC, fast stochastic holding up; buy signal initiated at .15; been cycling between .16-.19 for couple days - pierced .20's last week, then dipped; imo downside risk .14, upside potential .29. Possible breakout on merger news. 3 doji(s) confirms indecision - trader, not investor here

http://www.askresearch.com/cgi-bin/chart?symbol=arcc&country=USA&size=640x480&months=3+m...

[Doji star. A star indicates a reversal and a doji indicates indecision. Thus, this pattern usually indicates a reversal following an indecisive period. You should wait for a confirmation (e.g., as in the evening star illustration) before trading a doji star.]

Arch