Phantom of Bear or Overworried?
Ever since S&P 500 index bounced back strongly from the recent sold down, the price has been flirting from 1991 - 2011 (20 points range) for the past 8 days.
To add salt to the wound, especially for the last 3 trading days, bull was in full control for 1st but kept losing to the bears, and finally last night the so-called psychological point of 2000 was REJECTED!
Candlesticks pattern will not follow text book each time, hence i though i try to think out of the box.
If i shaded off those upper and lower tails of last three small red candles, does it look more like "3 black crows"??
Perhaps i worry too much, it will shoot up to 2020 tonight right??
Mmm, i am leaning towards the short side...
To add salt to the wound, especially for the last 3 trading days, bull was in full control for 1st but kept losing to the bears, and finally last night the so-called psychological point of 2000 was REJECTED!
Candlesticks pattern will not follow text book each time, hence i though i try to think out of the box.
If i shaded off those upper and lower tails of last three small red candles, does it look more like "3 black crows"??
Perhaps i worry too much, it will shoot up to 2020 tonight right??
Mmm, i am leaning towards the short side...
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