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AVZ chart, page-12785

  1. 6,271 Posts.
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    That's alright IMO it was certainly debatable, because really the lower shadow wasn't quite long enough. With the benefit of hindsight, the positioning of the CS within the trend was also questionable. So because I was assuming that this ST trend had reached its high, this was influencing my interpretation. Seeing that LTR had a similar CS (bearish Hanging Man, which I'm happy to report also didn't get its confirmation) and that the DOW futures was quite negative at the time (-500 points) it looked quite plausible.

    Funny thing is though that you guys show quite a strong reaction, when something like this happens to me, but not when others base their judgement on ball up readings of CSs and CS patterns. Well I guess as long as it says bullish in front of what ever CS pattern is mentioned it has to be correct!
 
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