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

To: Debra Orlow who wrote (3874)1/13/1999 1:02:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Debra,

That configuration of a small body and long lower shadow(no upper shadow) is a "HANGING MAN" after an upswing, but that same configuration in a downtrend is called a "HAMMER". Funny that they game it a different name, since normally they would call a pattern either BULLISH or BEARISH rather than totally different names for the same. Maybe they wanted to make it a bit ominous sounding, since it is a common and significant reversal signal.

seeya



To: Debra Orlow who wrote (3874)1/13/1999 1:03:00 PM
From: zoya  Respond to of 99985
 
are we going to see the same thing happen again????!!!!
csta.org



To: Debra Orlow who wrote (3874)1/13/1999 1:49:00 PM
From: yard_man  Read Replies (1) | Respond to of 99985
 
Actually, we had a similar type thing happen in the DOW shortly before the Aug decline -- does anybody remember it?


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