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

To: Paul Shread who wrote (38908)12/21/2000 4:10:00 PM
From: john rieck  Read Replies (2) | Respond to of 42787
 
very heavy NAZ volume today @ 2.65b--but is the smart money buying or selling?



To: Paul Shread who wrote (38908)12/21/2000 4:11:58 PM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Paul,

QCharts is showing a perfect INVERTED HAMMER, but the data is showing that there should be a small lower shadow. Regardless, its a very long UPPER SHADOW. As mentored by my grand uncle who used candlestics trading rice and spices, "Its a long finger pointing UP". Thats the best I could translate what he taugh me about LONG UPPER SHADOWs during a significant downtrend. Only talking about the short-term, so not to get overly bullish.


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