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TA - UTAD ? discussion, page-383

  1. 3,740 Posts.
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    @Haydn24 If you're not stirring the sheet as has been suggested, you're not trying very hard to accept the help others are offering. I'll put it on a plate for you:

    1. open link http://www.ftpress.com/blogs/blog.aspx?uk=Candlestick-patterns-Inside-and-Outside-formations
    2. look at "outside down" candlestick pattern (bottom right)
    3. look at the middle candlestick of that formation (this is today and is exactly how it finished)
    4. look at the next candlestick (it predicts tomorrow will finish lower)
    5. understand that this indicates possible bearish change in momentum
    6. acknowledge that this fits with mitta's previous analysis of a rally followed by continuation of distribution
    7. appreciate that it also fits nicely with the gap at 0.52 'needing' to fill
    8. understand that no pattern has 100% predictive power
    9. be willing to accept the realities of short term TA (many market participants will and hence it has validity)
    10. understand that it isn't necessarily incompatible with a more bullish long term attitude.

    *sigh*
 
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