Posted by Ed Gilligan on July 18, 2011 at 16:56:06:
The evening star is not a religious system or anything like that. It is a position on the stock chart that looks like a plus sign. It happens when the stocks fall in price and appears on the chart the next day. The stock does not go up or fall in price much and it looks like a plus sign. I was reading in a book about short selling that it appears, the stocks most likely will go up and you should sell out, right away, if you are selling short. Interesting, I looked it up and found that almost always there is a evening star in the base of the cup. (Tea cup to the Irish.) Not always. Then the stock rises and go for a break out, making the rim of the cup. That is the time to buy, before it gains over 5 %, past the rim of the cup. It also said that the morning star is the reverse of that. I find that is not always true. I really don't know what a morning star is. Can any one tell me?
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