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

To: Galirayo who wrote (136629)	9/21/2006 3:51:39 PM
From: stkboy1	Read Replies (2) \| Respond to of 209892

Most every pattern needs confirmation. Sorry, I am not trying to bug you but that is why I didn't see your "inverted hammer" when yesterday's performance would have required confirmation for it to be an inverted hammer. The index did gap above the "previous day's close", had a slight rally and then started to reverse. I was looking at the gap on the intra day chart and thought that opening gap would have been sufficent to qualify. ttrader.com Perhaps I should have just called the candle on the daily chart a reversal candle but in any event the index is now below Tuesday's low as well as the 50ma & 200ma. Next test/support 4300? Thanks for showing the various charts with the bullish inverted hammer.