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To: Brian Hornby who wrote (5425)	10/5/1998 11:51:00 PM
From: donald sew	Read Replies (2) \| Respond to of 44573

Brian, >>>>>>>> I actually see the SPX/OEX Candlestick pattern today as a Hammer, which is bullish. Do you still feel there is a bearish pattern? <<<<<<<< A HANGING MAN is during an uptrend, and a HAMMER is during an downtrend - same formation of a small body, no upper shadow, and a large lower shadow. We are 200 points above Fridays intradays lows. I believe it was an uptrend. I have to admit that its not conclusive, and time will tell. If it starts dropping soon without going alot higher then it was a Hanging MAN, but if it takes off to the upside soon it was a HAMMER. Normally with a HAMMER, the intraday low is lower than the previous days low, which was not the case today. The volitility is making it hard to read. Seeya Seeya

To: Brian Hornby who wrote (5425)	10/6/1998 6:57:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Brian, My first visit to this thread, nice place. The DOW posted an inside day on Monday after a key reversal. We also had a bigger key reversal the day of the low some weeks ago. I suspect we're moving higher from here. Have a good one. GZ

To: Brian Hornby who wrote (5425)	10/6/1998 4:38:00 PM
From: d. alexander	Respond to of 44573

Excuse the interrupt, but IQC would confirm your interpretation. (If each day's high is lower than the previous day's, I think that's a downtrend, but agree it's confusing because the index went UP on friday, tho the high was lower.) "Hammer is a potentially bullish pattern which occurs during a downtrend. It is named because the market is hammering out a bottom. real body is at the upper end of the trading range long lower shadow about 2 to 3 times the real body color of real body is not important confirmation is suggested Today, sure enough, spinning top - which isn't confirmation (or negation). Especially if it isn't a downtrend :-)