Discussion in 'Trading' started by IronFist, Oct 6, 2008.
following a decline...
are we ready for a bounce?
the dow ended down 3.58% and the nasdaq down 4.34%... not at all
small body relative to a long tail that's ~= 2x the body height.
go ahead and base your idea on one bar, lets see how you do..
must have been a hammer because many folks got hammered today.
Kinda what I was thinking. Thats a massive inverted hammer on the daily. However in this environment who knows.
"following a decline"
We won't know for certain until tommorow.
We close with a big white candle that fills the gap tommorow, and the bottom is in. Of course, by that time it'll be too late to take advantage of it.
Separate names with a comma.