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Strategies & Market Trends : Technical Analysis - Beginners

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To: Trader X who wrote (11394)	2/6/2001 7:36:29 PM
From: Michael Watkins	of 12039

So... - a small hammer was formed on Monday. - Tuesday it 'confirmed' by having a higher high and higher low than the prior day. - Wednesday is shaping up to break the hammer - with the futures having been over 55 points lower post CSCO news. The death of confirmation? If the Tuesday lows are decisively taken out, then the chances will have increased that the low of the 'disputed' wedge are going to be tested. That would suit me fine.

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