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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (30897)9/24/2000 5:22:31 PM
From: flyeguy99  Read Replies (2) of 42787
 
Donald,

>>As for the SPX and OEX, those HAMMERs could be misleading, since the individual issues do not open up at the same time.>>

No hammer either on SPX as it opened at 1427 and closed at 1447, look at the INX chart instead to see the correct candle for Friday on the S&P 500,

As for the candle not being bullish, coming at this point in the downtrend, it should at least get one thinking that there is a possible change in trend, if you were to flip the chart upside down and that candle was showing at the possible end of an uptrend would you be saying that the candle wasn't bearish??

Fly
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