Candle Stick Charts of SPY 1993-2011 Work in progress Red Circled "Upside Down Red Popcicle" occur right after a rally and that close below the previous day's close: Short-Term Declines: 1993 (2), 1996 (1), 2000(4), 2001(4), 2004 (2) Flat and Then up: 1999 (1). 2001) 13 declines and 2 rallies. Rally, Upside Down Red Popcicle followed by rightside up red Popcicle. 1993 - 3 more days down, 3 days up and 3 more down days 2002 - 2 days up and a decline which did not end for 16 straight days. 2004 - 2 more down days and a decline for 11 more days. 2007 - 4 more down days, a 3 day rally and then a steep decline. 2008 - decline for 10 more day. 2009 - decline ended 6 days later. 2/232011 |
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