Friday, December 14, 2007

Tweezer Bottoms

The short lived bull runs is over? Market is going to crash, crash and crash soon!

I don't know if these are correct statement. I saw however a few instances of an interesting candle pattern: Tweezer Bottoms. They all happened on Dec 12 and Dec 13 2007.

Dow Industrial










Ticker symbol: DO







Ticker symbol: POT











I am not using the tweezer bottom as defined in the text book. I am using it as a short term bullish entry signal, and especially using the lows of these 2 days as the support level of my stop.

As in peculiar Santa Claus rally does live.

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