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Hi Dan
You wrote ... "Can you please tell me the name of the book and/or magazine
article that discuss the shark-32 formation."
I wrote ... "Mr. Downs' article in the October issue of TASC about "Shark -
32" ... TASC stands for the magazine "Technical Analysis of Stocks and
Commodities". It should be available at your news stand or magazine store.
It seems to be everywhere here in Canada.
To the others that wrote to me privately. I find that the double inside day
(2xID) pattern is similiar to the "reverse" pattern, i.e., the double key
reversal pattern (2xDK). There are several significant variations, including
a gap version which emphasizes the volatility aspect. Most have a "fourth"
day associated with them.
The 2xDK pattern usually has "criteria" associated with it, is normally
"good" for 3 days at the most, and is not meant to be a "stand alone"
indicator but requires a secondary signal with the 3 days.
Mr. Downs article is most significant to me because of the statistical
analysis.
... will write later.
Walter
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