martis's - worry when i'm worried - thursday, page-65

Redbacks fourth day as an up day is in the bag.

I think we have the fourth day as an up day to unfold today (Friday 22nd) thanks to US rise, EU Greek deal.

Redback said:

"the three day candle pattern is a rare one - I've previously observed this as a reversal pattern. Now - you won't see that pattern in any book on Candlesticks. It's just something I've observed. It consists of:

Day One - a small "hanging man" followed by,
Day Two - a big up day with no tails top or bottom, and then
Day Three - a small shooting star. To be negated as a bearish pattern it requires an up day on Day Four.

So let's see how it works out."

Surprised to read Microsoft earnings up 30% and this is above all expectations.