Replies to post #59995 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Larry, here's 3-black crows from stockcharts.com:

http://stockcharts.com/education/Resources/Glossary/candles-threeCrows.html

The formation can be re-traced anywhere from 50% to 100% without violating it. Normally, a 50% re-trace is seen with a 50% extension of the drop for the target. A 100% extension is also possible, but I have not seen it too often.

For example, 1392-1330 is 62-points. 50% re-trace is COMP 1361. 50% target drop is 1299.

[ajtj99]

Oh, I didn't see the <G> at the end of your post. Well, at least maybe someone learned about 3-black crows.