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Strategies & Market Trends : Technical Analysis - Beginners

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To: TechTrader42 who wrote (11401)	2/6/2001 9:20:55 PM
From: Trader X	Read Replies (1) of 12039

thanks Brook, for that definition. I had looked and not found one to give. I had objected to the examples of the candles Micheal gave largely due to their upper shadows, not being at the bottom of long downtrends, and not having gapped down from the day before. the chart again: intelligentspeculator.com Maybe some would consider them hammers, but I suppose my definition is narrower. The only hammers I've found to be worth considering are those that gap down at the open, which indicates severe negative sentiment from which to build a reversal. The looser your definition, the more likely for non-confirmation, IMO. CSCO looks to be down 2 in after hours. I didn't take a long position today afterall. CSCO scared me out of it, and the market didn't act real well today with the afternoon selloff.

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