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Topic: Charts w/ 3 White Soldiers

arrais
Member

Rate Member

posted

From one of Greg Morris book's... "The Three White Soldiers pattern
occurs in a downtrend and is represenative of a strong reversal in
the market. Each day opens lower but then close to a new short term
high. This type of price action is very bullish and should never be
ignored."

Also... "The opening prices of the second and third days can be
anywhere within the previous body. However, it is better to see the
open above the midpoint of the previous day's body."

Good luck!

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mizzou7
Member

Rate Member

posted

don't count on it in pennyland...

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BT
Member

Rate Member

posted

I beg to differ.

daclyyay[db][pb5!b13!b50!b200!b25][vc60][iut!ub14!lh14,3!lah12,26,9!lk14!lg!lc20][j32416375,y]&listNum=1]http://stockch arts.com/def/servlet/SC.web?c=qbid,uu[r,a]daclyyay[db][pb5!b13!b50!b200!b25][vc60][iut!ub14!lh14,3!lah12,26,9!lk14!lg!lc20][j32416375,y]&listNum=1

[This message has been edited by 1BigTip (edited November 29, 2004).]

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lilpennypincher
Member

Member Rated:

posted

quote:
Originally posted by 1BigTip:
I beg to differ.
[This message has been edited by 1BigTip (edited November 29, 2004).]

Meeeee to. LOL

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Ric
Member

Member Rated:

posted

If you truly understand the charts they can show trends pennies or not. Charts are not perfect in any market but they are just as good in any market too if you understand them, penny or not. Matter of fact QBID is the perfect example of the 3 white soldiers at work.

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