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To: The Freep who wrote (57067)	10/18/2002 7:38:48 PM
From: skinowski	Respond to of 209892

<< And does the pattern on the MMM chart have a name?>> MMM has this great upper trendline, which repelled all advances since its beginning at the high in 1997. Right now it passes in the 132-33 area. If the stock gets there, it will probably get sold. The same line might be the upper line of a large multi-year ED – shaped formation, best seen on the monthly chart. MMM sports bearish MACD divergencies both on the monthly and weekly charts. On the daily, the action consists of a long series of ‘threes”. On the hourly, the stock had a (so far) 3-wave rally off the low on September 30. The C or 3 may or may not be complete right here, at 162% of wave A or 1. Nice bearish MACD div’s on the 15-min chart. fwiw.

To: The Freep who wrote (57067)	10/18/2002 8:29:07 PM
From: UnBelievable	Respond to of 209892

Hanging Man / Dragonfly Doji Bearish It appears to fit the description Pattern: Reversal Trend: Bearish Reliability: Low/Moderate How to Identify it Small real body at the upper end of the trading range Lower shadow at least twice as long as the real body No (or almost no) upper shadow What it Means There is a sharp sell off after the market opens during an uptrend. However, by the end of the trading day, the market closes at or near its high for the day. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next trading day accompanied by a lower close. If the open and the close are identical, the indicator is considered a Dragonfly Doji. The Dragonfly Doji has a higher reliability associated with it than a Hanging Man. litwick.com