Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: ted birnbaum who wrote (451)	9/21/1997 11:32:00 PM
From: HeyRainier	of 1589

I shouldn't be calling it an Inverted Hammer, but rather a Shooting Star(I.H. is found at the bottom of a downtrend, and a S.S. at the peak of an uptrend). Take a look at the following URL for an explanation from one of Greg Morris' books: Shooting Star: scifi.co.uk You'll note that it says a Shooting Star is not indicative of a major reversal. Actually, any type of a reversal pattern will suffice, from a Hanging Man, to a Shooting Star, to a Dark Cloud Cover, all the way to a Bearish Engulfing(like what's on WADE)--in increasing order of significance. Let me provide you with other links explaining the above candlestick patterns: Hanging Man: scifi.co.uk Dark Cloud Cover: scifi.co.uk Bearish Engulfing: scifi.co.uk I'll be keeping an eye on ONSL. Thanks for pointing it out. Regards, Rainier

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