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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (24888)8/22/1998 9:47:00 PM
From: epicure  Read Replies (3) of 94695
 
You'll hear alot of people talking about the "hammer" made on the Daily charts Friday.

207.95.154.130

Check the chart. Evening star formation as of 3 days ago (weds the top star was formed) down thurs- then a hammer. The hammer will need confirmation but it most certainly is a hammer as it is occuring in a downtrend, short though that downtrend may be.
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