Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stkboy1 who wrote (136601)	9/20/2006 1:49:53 PM
From: Galirayo	Respond to of 209892

Beat's Me .. That's what I'd call it intraday .. so far. They don't have a Double Hammer reversal to show you. Recognition Criteria: 1. Market is currently characterized by downtrend. 2. The first day of the pattern is a black candlestick formed at the lower end of the trading range. 3. The second day of the pattern is a small real body and is formed at the lower end of the trading range. 4. The color of the second real body is not important, however the color of the body is black in the first day. 5. No gap down is required, as long as the pattern is seen after a downtrend. 6. Upper shadow of the second small body should be at least twice as long as the real body. 7. The second body does not have lower shadow or it has only a very little lower shadow. candlesticker.com

To: stkboy1 who wrote (136601)	9/20/2006 6:19:25 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

I found a Hammer Reversal in a Pennant for you. It's in the SPX Nov 8ish 2005. The Black Hammer is to the Left of the Green Up Moving Aroon Line .. and the Inverted is on the right side. If you peruse other charts I'm sure you'll find other examples where it works like a Charm most of the time. I didn't hunt for the Perfect one .. but this will give you the idea of what I was talking about. You may not find this candle pattern on the Web. Let me know if you do. stockcharts.com Fed Ex Reports tomorrow. Todays TRAN Chart with Dueling Hammers. R is still on the 144.