Candlestick Charting--The unknown indicator Message Board

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

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To: Russell McGuire who wrote (1468)	12/11/1998 12:45:00 AM
From: Gerald Walls	Read Replies (1) of 1589

I'm new to candlesticks to but I like how they predict the next days action. Last Friday I got in YILD because I saw a Hammer forming, I'm out now(nice profit) but would anyone like to give me their read on YILD's chart. I'm an amateur at this also, but I think you misread the chart and got lucky. A Hammer is a bullish reversal pattern, meaning that it signals the end of a downtrend. YILD was in an uptrend by last Friday. Perhaps there's a continuation pattern that I'm unaware of that has a Hammer-like formation in it Nice profit though. It's the results that count. iqc.com

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