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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (65046)	7/24/2002 4:14:11 PM
From: Gottfried	Read Replies (3) \| Respond to of 70976

Mike, [text added] enjoy your celebration! >the bear is dead. <g>< Just to be careful let's post an armed guard next to the body. The SOX hammer today is bullish. [added] The price action that creates a candlestick of this shape indicates that the bears drove the price down during the day, but the bulls were able to mount a rally by the end of the day and the close was relatively strong. If the candlestick is white, indicating that the bulls were able to rally the stock above the opening level, then it is considered more bullish than if the close is below the open. If this candlestick forms after a decline, then it is called a hammer. This is much like a washout day with a reversal -- The market is trying to hammer out a bottom. The hammer by itself is not a bullish signal, but rather serves to notify traders that the bears are weakening and the bulls are gaining strength. stockcharts.com stockcharts.com[l,a]daclnnmy[p]&pref=G G.