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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (322)10/5/2000 9:33:58 AM
From: Teresa Lo  Read Replies (3) | Respond to of 8925
 
DELL: Technical Update

Last night we posted the daily chart with the hammer.

DELL formed a hammer at the close yesterday, but after the market, came out with a warning. So the hammer buyers are nailed again. Remember the weakness of this pattern is that everyone can see it, and therefore, it's always vulnerable to fakeouts.

At the open, the low of the hammer is being tested on DELL.
ispeculator.com

Almost all of the Japanese candlestick patterns are made up of two candles. One for the signal, and the other, for confirmation.