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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (24975)8/23/1998 11:47:00 AM
From: donald sew  Read Replies (1) of 94695
 
MONTY,

Stop screaming - gggggggggggggggggggggg.

If you are following the book to the numbers, then you are correct. If we are up even just 1 point(but lets say at least 25) from Friday's close, then it did actually reverse so it is a HAMMER. So I stand corrected.

Please also keep in mind that I am only calling for a possibility of a small up or flatness for the next 2 days. If the market is flat producing a doji or small spinning top and then declines then it is a HANGING MAN. If the DOW moves to my STAIR-STEP limit at 8600, and then moves down, it will then be a short lived HAMMER, but still a HAMMER.

Seeya
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