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Thursday, May 27, 2010

FKLI >>> The Homing Pigeon Flies Home

Bullish Homing Pigeon
What Does Bullish Homing Pigeon Mean?
A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. In both candlesticks, the stock price has to have closed down from the opening price. This pattern may indicate that there is a weakening of the current downward trend.
If a bullish homing pigeon trend is seen in a chart it may be a good for traders to exit short positions and begin to enter into long positions. The worse the downward movement in the stock, the more likely a closing of a short position should be taken by a trader.
U think ZL can do these charts & article in 15 mins???
You must be seriously joking :D :D

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