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$oldier Hard

11/02/10 6:08 PM

#1796 RE: retroman #1795

Chart and volume look Magnificent! Volume 2.040888836 times the 10 day avg, but who's counting and very close to resembling 3 advancing white Soldiers. Very Bullish. Here's those guys.

The bullish counterpart of three black crows is known as "three white soldiers" and is considered by some candle theorists as one of the most bullish candle patterns. The three white soldiers pattern is most potent when it occurs after an extended decline and a period of subsequent consolidation. When a particular stock posts a decline followed by a sideways movement, the appearance at that point of three white soldiers signals that higher prices are likely ahead.

The first of the three advancing white soldiers is a reversal candle. It either ends a downtrend or signifies that the stock is moving out of a period of consolidation after a decline. The candle on day two may open within the real body of day one. The pattern is valid as long as the candle of day two opens in the upper half of day one's range. By the end of day two, the stock should close near its high, leaving a very small or non-existent upper shadow. The same pattern is then repeated on day three.
http://stockcharts.com/h-sc/ui?s=TALC&p=D&b=5&g=0&id=p21346321542
Notice the accumulation. Beast in the making.