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

To: Mike Ankley who wrote (23623)	11/8/2001 9:46:53 AM
From: Roebear	Respond to of 52237

From Nison: Hammer: a bullish candle line. The hammer has four criteria: The prior trend must be down A small real body black or white that is near the upper end of the trading range A long lower shadow usually 3 times or more the length of the real body It has little or no upper shadow. While I defer to Don Sew, as teaching from a master is always better than a book, since Don hasn't read the book (he should write one), you folks are confusing hammers and hangman. I usually don't butt in on this stuff, but it's driving me a little crazy, ggg: the hanging man* and hammer have the same shape. What differentiates one from the other is that the hammer follows a downtrend while the hanging man is after an uptrend* BTW, an inverted hammer is the same position in trend as a hammer only the tail is up instead of down. Were it at the top of an uptrend, it would be a shooting star instead of a hangman. So for tops it's hangman or shooting star depending on bottom tail (wick) or top tail, for bottoms its a hammer or inverted hammer depending on bottom tail or top tail. In either case a reversal pattern that must be confirmed by next days action. Next post tells why it may not be confirmed, Roebear Best Regards, Roebear