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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Susan G who wrote (23594)11/8/2001 9:26:58 AM
From: Mike Ankley  Read Replies (2) of 52237
 
Susan G -

Isn't an inverted hammer bullish and usually seen at the
lower end of a trading range?
And the bearish version is a shooting star and seen at the tops?

You're thinking of a 'Hammer' - which usually occurs at a reversal point after a downtrend.

A 'Inverted Hammer' is just the opposite - and usually occurs at a reversal point after a uptrend
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