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Tuesday, April 3, 2007

MARKET BEARISH SIGNALS...

I am posting 2 candle stick signals per day according to the market.Today' are:

:BREAKAWAY:: BEARISH:



PATTERN : REVERSAL
TREND : BEARISH
RELIABILITY : Moderate

How to Identify it :
The first day is a long white day
The second day is a white day that gaps above the first day
The third and fourth days continue to in the direction of the second with higher consecutive closes
The fifth day is a long black day that closes into the gap between the first and second days


What it Means :
An uptrend sees a bullish surge that eventually weakens. The result is a long black day that does not close the gap into the body of the first day. This suggests a short-term reversal




:DARK CLOUD COVER::BEARISH:



PATTERN : REVERSAL
TREND : BEARISH
RELIABILITY : High

How to Identify it :
First day is a long white day
Second day is black with an open above the high of the previous day
Second day closes within but below the midpoint of the first day's body

What it Means :
In an uptrend the market gaps open, but loses ground to fall below the midpoint of the previous day. The Dark Cloud Cover pattern suggests an opportunity for the shorts to capitalize on the next day's open: a warning sign to bullish investors. The Dark Cloud Cover pattern is the opposite of the Piercing line pattern

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