cebenomic's open, shake out up n over thursday, page-160

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Yes 5 bars where the close is less than the open BUT most importantly, at a top, not during a decline.

The inference is that optimism at the open fails each day.

That applies even though the day may start down OR up.

Do that for 5 days or more and the bulls are wounded and the bears encouraged.

Obviously you probably get a good day soon but just one or two is not enough to negate what has happened. More and I guess its a rethink.

Can it be a false reading.

Perhaps and I have only shown the last 5 times.

It pays to study history as "that which has been will be....". Well, mostly!