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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Brian Hornby who wrote (5425)	10/6/1998 4:38:00 PM
From: d. alexander	of 44573

Excuse the interrupt, but IQC would confirm your interpretation. (If each day's high is lower than the previous day's, I think that's a downtrend, but agree it's confusing because the index went UP on friday, tho the high was lower.) "Hammer is a potentially bullish pattern which occurs during a downtrend. It is named because the market is hammering out a bottom. real body is at the upper end of the trading range long lower shadow about 2 to 3 times the real body color of real body is not important confirmation is suggested Today, sure enough, spinning top - which isn't confirmation (or negation). Especially if it isn't a downtrend :-)

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