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To: geewiz who wrote (5073)1/22/1998 7:14:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
geewiz,

what does a hanging man signify?

im an newbie at candles..

thxs



To: geewiz who wrote (5073)1/22/1998 9:07:00 PM
From: Art M  Read Replies (3) | Respond to of 42787
 
Geewiz,

These are NOT hanging man patterns. Hanging man patterns would tend to show a reversal in an uptrend, and the reverse pattern, the hammer, would tend to show a reversal in a downtrend. The definition per 'Japanese Candlestick Charting Techniques' by Steve Nison is:

1. The real body is at the upper end of the trading range. The color of the body is not important.
2. A long lower shadow should be twice the height of the real body.
3. It should have nor, or a very short upper shadow.

The patterns you reference in your charts fail the first two tests.

IMHO they are meaningless.

Art



To: geewiz who wrote (5073)1/23/1998 8:29:00 AM
From: GROUND ZERO™  Respond to of 42787
 
Hi Art,

Respectfully, I don't use candlestick charts, never have. Sorry.

GZ