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To: Steve Swanson who wrote (11818)4/22/1999 5:39:00 PM
From: Kona  Read Replies (1) | Respond to of 99985
 
OK I'll bite, what the hell is a paper umbrella? Does it mean that Inut holders are going to need a bunch of mai tais to drown their sorrows ?



To: Steve Swanson who wrote (11818)4/22/1999 6:30:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Steve,

You are correct that it is a PAPER UMBRELLA. When it occurs at the end of an upswing it is called a HANGING MAN, and when it occurs at the end of a downswing it is called a HAMMER. By itself it is a reversal signal. What makes it an even more powerful reversal signal
is the gap in the morning which makes the 2 day combo a SHOOTING STAR. If tomorrow gaps at the morning to the downside and closes negative, it then becomes an ABANDONED BABY, which confirms the SHOOTING STAR. They wont be text-book examples but close. With the ABANDONED BABY it should be a DOJI.

seeya