10-19-10 Fingerprint Today (Updated)

Five (all Red TZA Continuations) of eight down the next day. The other 3 days were Green Pullback (2) or Resumption (1) Days within a downtrend. There were five Bearish 3 Inside Down Days. Two were associated with a subsequent big down day that represented a Green Reversal (11/1/11 & 12/14/11). From Americanbulls.com: Definition: The Bearish Three Inside Down Pattern is another name for the Confirmed Bearish Harami Pattern. The third day confirms the bearish trend reversal. Recognition Criteria: 1. Market is characterized by uptrend. 2. We see a Bearish Harami Pattern in the first two days. 3. We then see a black candlestick on the third day with a lower close than the second day. Explanation: The first two days of this three-day pattern is a Bearish Harami Pattern, and the third day confirms the reversal suggested by Bearish Harami Pattern since it is a black candlestick closing with a new low for the three days.