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Is it my data (3x consequtive ID's) or.....................
Regards,
Ton Maas
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Homepage http://home.planet.nl/~anthmaas
>From an old mail:
The Shark 32 pattern forms surprisingly, only occasionally and the
trader/market consultant Walter Downs wrote an article on the pattern in the
Oct 1998 issue of Technical Analysis of Stocks and Commodities.
Simply put it is a pattern of successive inside days and there have to be at
least 3 days in the pattern to form the Shark-fin pattern however, the
pattern is not a signal in itself - a breakout above or below the high/low
of the first day of the pattern must occur. Sometimes this doesn't happen or
it may occur several days after the pattern appears.
Anyway, Walter Downs suggests it can be a powerful signal so it is to be
watched
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