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To: chowder who wrote (7866)3/14/2002 1:59:34 PM
From: Rex Martin  Read Replies (2) | Respond to of 206194
 
Thanks Dabum, I should start looking at candles. May give another data point to watch. DO you know of any good web sites that show gaps in stocks ?



To: chowder who wrote (7866)3/14/2002 8:14:52 PM
From: Warpfactor  Read Replies (1) | Respond to of 206194
 
Was SI down for awhile?? Could not acess it.

Dabum: A hammer looks like a hammer with the mallet end on top. Signifying the bottom of a trend has been achieved.

Regarding the top of a trend, I had the idea that a reverse hammer was the bad thing, with the mallet on the bottom. Signifying that a stock opens at a certain point, euphoria kicks in and "dumb money" buying pushes the stock up intraday. But then sellers kick in, driving the stock price near to or below the open - very deflating for intraday buyers.

I would think a mallet-up hammer would be bullish on an uptrend.

Warp