tag:blogger.com,1999:blog-3909505513533980987.post424735613046826453..comments2022-08-01T05:34:44.020-04:00Comments on Trader Craig's Market Edge: Double Top SetupAnonymoushttp://www.blogger.com/profile/09362814861901777574noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3909505513533980987.post-88183637919814261432009-10-16T18:42:02.585-04:002009-10-16T18:42:02.585-04:00SMH in the downside lead. It had a Hanging Man Wed...SMH in the downside lead. It had a Hanging Man Weds & beautifully confirmed on the downside yesterday.<br /><br />I don't know if it's too many days, but with its gap down today SMH has a 4 day Island Top.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-56779339548210058192009-10-16T17:09:55.637-04:002009-10-16T17:09:55.637-04:00With regard to the candlesticks, the patternsite.c...With regard to the candlesticks, the patternsite.com has some good analysis. The results are not what many believe.<br /><br />The biggest thing is confirmation. The candlestick formation by itself doesn't mean anything if there isn't follow-through.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-18162202871296765432009-10-16T17:08:08.663-04:002009-10-16T17:08:08.663-04:00Definitely agree that Intel could use a rest, but ...Definitely agree that Intel could use a rest, but the point I was trying to make is how often these great earnings reports go hand in hand with tops, whether they be shorter term or longer term tops.<br /><br />I think INTC is going to its 200dema, where it could be a great buy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-34911738902101849332009-10-16T02:34:35.724-04:002009-10-16T02:34:35.724-04:00"While Intel closed higher today, it closed a..."While Intel closed higher today, it closed at its lows for the day, which is hardly a ringing endorsement after the earnings report."<br /><br />That was Intel's 10th day up in a row. Intel has only been up 10 days in a row 4 other times in its history. I think Weds action was perfectly understandable.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-73258946211481590592009-10-15T14:32:51.259-04:002009-10-15T14:32:51.259-04:00Craig,
I see what appears to be conflicting depic...Craig,<br /><br />I see what appears to be conflicting depictions of Hanging Man & Inverted Hammers in sites about candlesticks.<br /><br />Am i correct that the color of the body does NOT matter in either case ? IOW, it does not matter whether the open is above or below the close. What does matter is that the body is small & the tail twice as long.<br /><br />Btw, i think someone was posting delusional bullish posts under my name yesterday. :) Upon greater reflection i do think we're in a topping process that will be complete by Monday.<br /><br />Regards,<br />the sane davedavenoreply@blogger.com