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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?


To: Stock2006 who wrote (6591)5/2/2005 7:08:24 AM
From: Dr. Stoxx  Read Replies (1) | Respond to of 7682
 
Yes, usually a "rejection" hammer type candle sets up a short term rally...especially if bullish divergence is seen in key momo indicators (which we have on the $COMP, e.g.). But for now the dominant trend is down and will likely continue after a test of former support.

TC