Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: The Perfect Hedge who wrote (791)	11/25/1997 6:33:00 PM
From: MonsieurGonzo	Read Replies (3) of 1589

Glen; RE:" EVI, Hammer ?" Yep. Right where that support is, Glen. Hammer and Spring, actually. Weekly chart looks pretty classic right now, with hammer head above support at 50, legs probing down there at 46-1/2 bottom of the trading range on the left side of the chart. If you can close the Weekly Candle above 52-1/2: you betcha bounce. Note too, 10 red candles (someone mentioned that). Now, don't get all excited Glen - needs confirmation and all that stuff. Somebody's gonna tell me, "Steve, that Hammer ain't got no bald head, man - But more likely a bounce up from this ridiculous, over-sold place than deteriorating down to 45. Too bad you can't broadcast to the world: "Hey - Don't sell EVI now you BOZOS!!! It just made a Japanese Hammer Candlestick !!!!" anytime. -Steve

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