oh and yes, i can see how ddd has just soared and soared since this thread was written - at a time when ddd was trading in the $32s to $34s lol - now it seems to have trouble to even stay above $30 these days!! lol
and let's do it again!! bummp!!
now wasn't someone (a basher of mine) on this brd a wk ago or so writing that this ogew person NEVER has an unkind word to write to ANYONE?? and i did respond to that "false" claim by telling of some of the unkind and disrespectful words that person has written TO me or ABOUT me!! and some of those posts written by that person to me can be seen in this very thread- below!! look below for those posts of his- see how very kind and respectful he is!! lol
false claims can keep getting made by many ppl on these brds- BUT, when there is proof available to show the TRUTH of those false claims made, then why do ppl post false claims then to begin with??!! ILLOGICAL!! ppl need to get some LOGIC- and THINK "BEFORE" they write things that are easily verifiable!!
bye now! :)
yep, exactly! "3 consecutive long bodied candlesticks"!
so, as there were only 2 down days, then there is no 3 black crows candlestick formation on mu's daily chart ;)
good for you! i hope you found it and i hope you were able to make money with that pattern!
there is usually a turn up in price after the 3 black crows- but the turn up is usually short lived as the 3 day candle pattern is normally signifying the end of an uptrend.
so, there will be up moves in price along the way of course- but the up turn in price comes on the 4th day- AFTER the 3 day pattern has completed! reversing course today (on the POTENTIAL THIRD day of the pattern) just negates there being a 3 black crow pattern altogether as it means there were only 2 days of down days- not 3- and the pattern is of course a 3 day pattern lol.
often though too is that when there is a 3 black crow formation that occurs, there will be more of these patterns coming too (i learned that from drumrgirl on these brds - she wrote that last yr on the ddd brd- she's another good chartist on these brds).
anyway tho, one needs to be careful right now with mu as it is currently in a downtrend on both the daily AND weekly charts. so, as stated above: it needs to get back above its 20 week ma price & remain above it in order for mu to move back into an uptrend on an intermediate basis (weekly chart measures intermediate term while daily chart measures short term period). so for the short term, mu needs to get above its 20 day ma price on the DAILY chart & stay above it in order to even suggest it is going to go back into an uptrend!
good luck :)
my pleasure :)
a person can never know if a candlestick pattern of a 2 day formation or a 3 day formation will end up being that formation UNTIL the end of the 2nd or 3rd trading day- so, the 3 day pattern of 3 black crows could not be called until today was completed and thus the 3rd candlestick could be seen on the chart for today! to call it DURING the 3rd day is premature.
anyway- glad to help :)
typo in the above:
spx went today to "1989"- NOT "1889" ;)
days in a row!! did mu have 3 down days in a row?? NO! it had 2 down days in a row- and today would have been the third if it hadn't reversed course to go up to its 4 day ma price of the day!
also, as the right shoulder top today was put in on the head/ shoulders pattern on UVXY (measures the VIX and goes UP when the spx goes down) AND as the spx put in the BOTTOM RIGHT shoulder of its INVERSE head/ shoulder pattern on the daily chart, then this is why the markets reversed course today!
the top right shoulder of UVXY was in the $30s to $31s and the BOTTOM right shoulder of the INVERSE head/ sh pattern on the spx was at 1992 - spx went to 1889 and reversed course! HENCE both patterns are forming beautifully thus far on their respective daily charts! & if they continue to form their patterns, then it means the spx going back up from here to at least 2064 in the coming week or so- the neckline of the pattern though is at 2093- so if the pattern is going to continue 2 form, then the spx will go to 2093 in the coming week to wks!
BUT the 3 black crows pattern is a THREE DAY PERIOD of DOWN days! NOT two! and on the FOURTH day is when a reversal usually occurs- though short lived as this pattern usually occurs as a stock is going into a decline mode! some chart readers seem to ALWAYS call patterns on a premature basis!
mu is currently tho in a downtrend- on both the daily AND weekly chart! in order for it to get back into an uptrend, it needs to get above the 20 week ma price on the weekly chart- AND STAY ABOVE IT on a consistent basis! that price as of today is around the $32 price area.
hope this info helps to allay any confusion there may be re this candlestick formation/ pattern of the 3 black crows!
good luck all!
and now up again lol.
it will in all probability though close down in thursday's trading- even if the stock opens up first in the morning.
options for this week are showing $28s and only "possibly" to the $29s (both on calls side) - so, the stock got to the mid level of both strikes.
options are also showing strong for the $25s (puts side)- so that suggests the potential of going down to the $25s by friday.
the price action is strange for sure in ah- but i have seen that kind of thing many times for other stocks too! a really weird time was when ffiv was trading up $15 in ah after beating earnings- but then was down $15 in daytime hours the next day lol - now THAT is weird price action for sure lol same thing happened last year with nflx- went up big time to $389 i think it was?? on earnings. then sold off the same day down to $317 i think it was?? again though, that kind of price action was showing that week in the options- and the chart was showing nflx getting to $320 that week- so, yup, it made it there lol- but only AFTER getting rewarded by going first to $389 (up $40 i think it was at that price)- and all done in the same day!
so, ya, the price action is really strange for sure- but it tends to happen more often than ppl even realize i think ;)
actually, that is what i'm reading too on stock twits- is that it has beat every quarter going back to 2011 - BUT then sells off after each time it reports! guess that's part of the personality of this stock! interesting to know going into each earnings report :)
as the stock just ran up big time going into the close, the chances are even greater now that it will sell off after it reports!
it won#$%$ going to drop - due to the reasons i listed in my post above re options, the chart, and the stock being up big today.
this is true for 85% of the time (re the being up big on the day of reporting means down after reporting - plus being DOWN big on the day of reporting in ah means a pop up after reporting). so you have a 15% chance then of the stock going up after hours and on thursday- but like i wrote earlier too: it could pop up but then still end down big on thurs ;)
yes so i guess it would depend if that poster has that kind of broker or trade acct with his/ her broker if it would execute in ah or not. just too risky in my opinion- i would still just sell it all if i were in the green. one can always buy it back anyway at the $25 level as it will go there again - most likely in the next week to 2 weeks.
i guess that occurs if you have after hours trading that you can do on your own. my orders put in with my broker are only ever for during trading hours and if i want to do a trade in after hours, i need to call my broker and have them put in the trade for me. i have a cdn broker- so it might be different due to that- or it might be too due to not having an account that has after hours trading attached to it for me to do it on my own.
so, i think those factors will make a difference as to whether your stop loss will execute in ah or not.
here's the problem with the stop loss: you could wipe out all of your gains if say the stock opens tomorrow at $1 to $2 down from today's closing price. so the stop loss won't help in that scenario if say his break even is at $26 or $27 for example. i'd rather lock in the gains that i know for sure i have - rather than risking it by hoping the stock goes up by just $1 or so.
if it does happen to be up tomorrow, it won't be up for very long in that it will drop on fri or monday- or might even drop tomorrow after it is up ;)