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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert Graham who wrote (25589)7/18/2000 2:57:44 PM
From: donald sew  Read Replies (2) | Respond to of 42787
 
In case one or all of the major indices rebound today to close near the open, after selling off strongly intraday, many will consider that as being bullish. However, it would also form a HANGING MAN which is a fairly reliable reversal signal. So beware if the the market/sectors rebound to close near the open, whether slightly negative or slightly positive.