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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (136598)	9/20/2006 1:40:32 PM
From: stkboy1	Read Replies (3) \| Respond to of 209892

At the Moment that is a beautiful Candle .. An Inverted Hammer following a Hammer within a Pennant Could be but I thought an inverted candle opens below the close of the previous day and a shooting star was the candle that gaps open above the previous day's close in an uptrend? The 15 minute shows a gap above and the daily shows it losing strength.....whatever, I guess the close and following day will be clearer to me. Inverted Hammer..As the market opens below the close of the previous day, the bulls rally briefly, but not enough to close above the previous day’s close. Shooting Star..The market gaps open above the previous day’s close in an uptrend. It rallies to a new high then loses strength and closes near its low: a bearish change of momentum. Confirmation of the trend reversal would by an opening below the body of the Shooting Star on the next trading day