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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (11370)	2/6/2001 12:06:24 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 12039

Confusion: Well the QQQ finished with a small inside bar in the lower part of the trading range of Friday's expanded range bar. A pause. Some indecision. (never mind that small hammer-like candles were formed on the NDX and COMPX, not to mention the ND futures as well) Confusing: - hammers can be 'broken' to the downside, and frequently are when a market is in a downtrend. Similar structure on Thursday last week certainly was broken. - a hammer with a longer tail and more violent intraday reversal might be considered 'stronger'. Gee, they break too, although maybe not the very next day. 10/26/00 intelligentspeculator.com For a couple thoughts. I'm a lowly intraday futures trader so longer term doesn't mean that much to me. But fun none the less. Nanylgvpnyyl lbhef, Michael