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


To: Moominoid who wrote (24963)8/23/1998 11:36:00 AM
From: Joseph G.  Read Replies (1) | Respond to of 94695
 
Not being a candle guy myself, I'll translate it into English: that "hammer" is first day of a potential two day key reversal formation. I'd like first to see the second day of the reversal to actually happen before taking it as a done deal. And even if it does happen, so what - just a minor spike before the big [huge] move down.

IMO, the Clinton affairs (the fake confession and the strike) have messed up the chart a bit - however, the fundamental economic situation deteriorates very rapidly, and any spike up will be met with totally overwhelming selling.