Our system posted a SELL-IF today. The previous BUY recommendation was made on 25.08.2010 (7) days ago, when the stock price was 294.5000. Since then BYG has fallen -0.85% .

The SELL-IF alert is still valid. A bearish confirmation today however is denied. The pattern is not yet rejected since the day was not a long white candlestick day. The market is indecisive so keep up the good work and continue to do your homework digesting all available information around.

The final judgment about the evolving pattern waits the next session. Either the bearish alert will be confirmed by one of the valid bearish confirmation criteria or the bearish alert will be void and invalid. It will also be seen if we slightly erred in our previous BUY signal. A confirmation in the next session will show that we have underestimated the bearish power of the market. You may realize a small loss but prevent a bigger one if you are following our guidelines.

It is still your duty to check the bearish confirmation criteria when the next session opens. Reminding briefly, a black candlestick with a downward gap, a black candlestick closing below the previous close and a long black candlestick with a big upward gap is sufficient to confirm the SELL-IF alert though with a one day delay. Sell your shares in any of these cases by respecting the benchmarks. In any other case, simply ignore the SELL-IF alert. The next session is the last chance we allow for bearish confirmation. A confirmation failure renders the assumed bearish pattern totally invalid and starts the process of searching for a new pattern.

The bearish alert is still valid and recent market tendency is bearish, but new short positions may be considered only in case of valid bearish confirmation.