Complacency Indexes Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Complacency Indexes

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MechanicalMethod who wrote (987)	4/25/2002 7:00:12 AM
From: Monty Lenard	of 1487

Well an inverted hammer is an inverted hammer. I don't worry about congestion. The inverted hammer after the downtrend lately in CAT is an indication that it will go up today. Now you need to understand that I use them for scalping. The candle will tell you the direction but not how far and how long. I scapled SBC Tuesday on the hammer. I did not go long when the hammer was formed Monday but I did when they gapped it down the next day. That was the signal "TO ME" that it was a perfect set up for a Morning Star. Right now I am and would only trade the very strongest ones and I don't stay long. When the market is trending one can use the weaker and more suttle ones but right now no. Monty

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next