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iShares Mortgage Real Estate Capped Message Board

  • targettzero targettzero Mar 20, 2006 3:45 PM Flag

    HELX TA if u don't mind...

    Repeating my post from the HELX board.

    I understand those who hate-hate-hate candlestick analysis, but Friday completed the formation of a "dark cloud cover" pattern, and today's action seems to be confirmation.

    It is regarded as a sign of a reversal in a mild to moderate trend, but can be viewed as a more serious warning if stochastics, MACD and/or RSI show bearish divergence at the same time.

    I'm strongly committed to the HELX story, so I'll be sitting tight regardless, but swing traders might want to keep a close eye on the indicators through this week and the next.

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