Long Tail Down Reversal

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Could someone please explain what a "Long Tail Down Reversal" means and if that is good or bad? Thanks in Advance. JT

-- Jerwin Tabor (JT2QUICK@AOL.COM), August 11, 2000


Hi Jerwin, A Long Tail Down reversal occurs when a stock has dropped from 17-20+ boxes in a row and then reverses up into a column of X's. The buy signal is the reversal back up into X's. This pattern was discovered by the late Earl Blumenthal and Mike Burke of Chartcraft. This is mainly a trading pattern.


-- Bruce E. (bigbwe@aol.com), August 12, 2000.

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