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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (11675)	12/15/1997 7:01:00 PM
From: jeff wheatley	Read Replies (1) \| Respond to of 94695

Hi Bill, Takuri, or the hammer, is a Japanese Candlestick formation in which a series of declining days culminates in a day on which a selloff occurs which takes the price considerably below the opening price. The price then climbs to close near the opening price, either somewhat above or below it, recovering all or most of the ground lost earlier in the day. It's a reversal formation and is near term bullish- the sort of reversal day that often kicks off a dead cat bounce. We had one today on the NASDQ composite and CSCO.