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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (3870)	1/13/1999 12:43:00 PM
From: Debra Orlow	Read Replies (3) \| Respond to of 99985

Don, is it only called a "hanging man" when it is in an uptrend configuration (as we are relatively still in)? I have often seen this same pattern (sharp decline, close near the high) at the end of a longer term downtrend, and then a rally from there. Is it then a reversal either way? Debra

To: donald sew who wrote (3870)	1/13/1999 12:52:00 PM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

Just a thought...with the Naz coming back to positive territory, there is no gap between yesterday and today on the daily chart. In my opinion, this is more fuel for the bear since the bulls can't say "well, we got that gap to fill you know..." Even tho the gaps that really mean anything don't usually fill. Go figure.