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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Rex Martin who wrote (7863)	3/14/2002 1:06:16 PM
From: chowder	Read Replies (2) of 206191

A hanging man and a hammer are the same pattern. The difference is where they show up in a trend. A hammer shows up in a downtrend and indicates the price is "hammering" out a bottom. A hanging man appears at the top of a trend and indicates that anyone still holding on at that point is "hanging" their self. Hammers can be any color, however if they are opposite in color of the previous candle, it indicates a little more strength in the pattern. HC's hammer pattern, if it closes as a hammer, will indicate a possible bullish reversal. Hope this helps. dabum

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