Posted by Michael 28 June 2005

Morning Star on the Nasdaq

You won’t see many better looking morning star patterns than this:

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Posted by Duru on June 28, 2005 at 6:07 pm

Lovely!
Now let’s see whether this can be a springboard for *finally* putting this resistance at 2100 behind us.
Posted by Duru on June 29, 2005 at 12:14 am

Also note the QQQQ made a perfect bounce off the 50DMA with its morning star.
Posted by Gordon Gekko on June 29, 2005 at 12:18 am

Nice chart Mike. Speaking of a similar pattern look at that possible morning doji star on ADSK. The doji body is a little long but pretty close.
Posted by frank on June 29, 2005 at 2:26 am

morning star indeed.

the reversal bar from today was done on relatively low volume compare to the down bar from 2 days ago. if the big boys sold it hard 2 days ago, they wouldn’t mind doing it again at the same price.
Posted by Ibex19999 on June 29, 2005 at 4:11 am

A morning star is a reversal pattern. If a I remember correctly, if should be taken in consideration after a down movement, not after a lateral movement.