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5/10/2001
The descending has began today, it will accelerate
tomorrow.
There in engulfing bearish pattern if you are
candlestick trader or outside bar if you are in westerns school of thoughts,
there is a lot to say about these patterns, entry, exit, probabilities and how
to trade them but I leave it to others who are willing to share.
The above you can read in general trading books so
I am not going to waste my time on the above topic.
Beside to all the pieces I added to the big picture
yesterday, there is a lot other things I have not told you and every time you
add a color or a line to the picture the picture become clearer and clearer
until it become a reality.
Mirror Image by continuing the pattern I describe
in my message 4530 and 4542( Don't follow this pattern from this date, it
is too late...)
NASDAQ closed below the 10 day MA
Look at 2 day/bar and see how Doji bar is
forming.
IT APPEAR 5/11/2001 WILL BE A TURNING POINT FOR
DJIA AND SP500 ALSO :-) BINGO !!. ENJOY THE RIDE AND HAPPY TRADING.
Haytham
Disclaimer: THIS MEANT AS A TRADING LIVE EXERCISE,
IT IS NOT A RECOMMENDATION TO BUY OR SELL, SO USE YOUR OWN
JUDGMENT.
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Attachment:
Description: "Doji Bar.gif"
Attachment:
Description: "NASDAQ 5-10-2001.gif"
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