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Strategies & Market Trends : Technical Analysis - Beginners

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To: Smooth Drive who wrote (11528)	2/11/2001 8:46:32 AM
From: Monty Lenard	Read Replies (1) of 12039

"I saw the not so perfect hanging man on 2/1" Eric, the candles for 2 days prior to that warned well in advance for longs to BE CAREFUL. Now they both have inverted hammers but the one thing I dislike about both is the height of the upper shadow into the prior real body. Not to say they won't go up but those to Inv Hammers are ones that I would wait for confirmation or pay close attention to what Brooke said about money management. On the real good candles I don't wait for confirmation (and contrary to what was said...I do not consider that gambling) because a real good candle will make you money .... for a while anyway .... even against the primary trend. Monty

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