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To: Slide Rule who wrote (484)	1/18/1999 10:51:00 AM
From: High Grader	Read Replies (1) \| Respond to of 692

If I am interpreting it correctly, and I don't claim to be an expert on Candlestick patterns, a hammer is bullish in these circumstances. It forms when the price opens, tries to move down and forms a spike down then closes back near the open. Basically it means the sellers pushed the market down a lot to form the hammer handle, but then the buyers pushed it back up towards the level where it opened, showing buying is stronger than selling. If you look at a chart and select the display to show candle stick patterns you will see the last days bar looks like a hammer. (Somewhat) Anyone else wants to comment go ahead. I am not a candle expert. Some people swear by candle patterns, I don't know enough about them to say one way or the other.