The Dark Cloud Cover candlestick pattern occurs when a stock that is in an uptrend has a tall hollow candle that is followed by a tall filled candle that extends below the mid-point of the first candle.
A Dark Cloud Cover pattern signals short-term weakness for the stock. The idea is that investors who were excited by Thursday's big rise are now disheartened by today's lack of follow through - thus making another rally unlikely in the near term.
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He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997.
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