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Bearish Thrusting

Daily Charts:   8 found in last 10 days.   Updated Fri Oct 3 18:16:33 2008 CST . Click here to see them.

Weekly Charts:   6 found in last 10 weeks. Click here to see them.

Bearish Thrusting

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Continuation
  1. 1st day is a black day.
  2. 2nd day is a white day which opens well below the low of the 1st day.
  3. 2nd day closes well into the body of the 1st day, but below the midpoint.

Psychology...

This formation underscores the lack of buyers. Even though the 2nd day is an up day, it's still unable to close above the midpoint of the previous day's body. This suggests that the downtrend will continue.





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