dark cloud cover – Afraid to Trade

Inside a Dark Cloud Cover

Bycjrosen May 3, 2008

With Candlestick analysis becoming more popular and accepted, I thought it would be interesting to take you inside a Dark Cloud Cover candle pattern. Let’s peek inside the candle. I mentioned that Google recently formed a Dark Cloud Cover pattern. Let’s discuss it before we see it. A “DCC” is a reversal pattern that must…

Daily Commentary

Google Surges, Forms Dark Cloud Cover

Bycjrosen May 3, 2008

Google Inc (GOOG) has been on a powerful move up, surging from $440 to $600 in less than a month. Following the upside $80 gap recently, the stock has impressed investors by adding another $80 points since the gap. But let’s look at the current action to see if this is sustainable. The price action…