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

To: AlanH who wrote (28529)	9/21/1998 8:05:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Alan, Yeah, DJIA... After sell-off Thursday and non-movement Friday then the strong move down and return... looks like a hammer to me. If it walks like a duck... Bill PS - just tested it with my Japanese Candlesticks Expert that comes with MetaStock 6.5 and IT says it is a hammer. (So it is 2 against 1 - I win <ggggggg> )

To: AlanH who wrote (28529)	9/22/1998 7:59:00 AM
From: GROUND ZERO™	Respond to of 94695

Alan, Good observation. We had the key reversal on the day of the low, and another nice reversal yesterday. This bull will be coming out of the chute angry. GZ

To: AlanH who wrote (28529)	9/22/1998 7:47:00 PM
From: AlanH	Read Replies (2) \| Respond to of 94695

Bill, re:INDU candles Your hammer formation was verified by litwick.com. Unfortunately, today's candle confirmation was low. (Another one of those funny no-name candles has formed.) Although instinct tells me the market should go up short-term, my unorthodox candle voodoo suggests that tomorrow will begin another strong downtrend. You may recall that I tried to pawn your hammer off as a high-wave line. I'm going to attempt the same nonsense by calling today's formation a high-wave line; if the body's too big, just label it "indecision." So, I'm stickin' to my prognostication [scrabble word] from yesterday regarding tomorrow. <g> Good luck, Alan