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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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To: Debra Orlow who wrote (3874)	1/13/1999 1:02:00 PM
From: donald sew	Read Replies (1) of 99985

Debra, That configuration of a small body and long lower shadow(no upper shadow) is a "HANGING MAN" after an upswing, but that same configuration in a downtrend is called a "HAMMER". Funny that they game it a different name, since normally they would call a pattern either BULLISH or BEARISH rather than totally different names for the same. Maybe they wanted to make it a bit ominous sounding, since it is a common and significant reversal signal. seeya

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