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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: geewiz who wrote (5073)	1/22/1998 9:07:00 PM
From: Art M	Read Replies (3) of 42787

Geewiz, These are NOT hanging man patterns. Hanging man patterns would tend to show a reversal in an uptrend, and the reverse pattern, the hammer, would tend to show a reversal in a downtrend. The definition per 'Japanese Candlestick Charting Techniques' by Steve Nison is: 1. The real body is at the upper end of the trading range. The color of the body is not important. 2. A long lower shadow should be twice the height of the real body. 3. It should have nor, or a very short upper shadow. The patterns you reference in your charts fail the first two tests. IMHO they are meaningless. Art

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