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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: brightness00 who wrote (87683)	6/27/2002 6:42:17 PM
From: ajtj99	Respond to of 99280

On a bottom, yes. However, it is also a reversal candle. If today was a top, we could reverse back to the bottom. Frankly, you do not usually see them as bottom indicators following a white candle like yesterday's. That's why I posted the chart link illustrating a similar candle during the October 1990 low. That candle was followed by two days of lower lows on that chart before the reversal was confirmed. We could be running away from the bottom also, but it is a bit suspicious when the put/call is so bearish and commentators are telling everyone the bottom is in.