InvestorsHub Logo
Followers 1
Posts 931
Boards Moderated 0
Alias Born 04/07/2004

Re: GLENO34 post# 49970

Friday, 05/16/2008 4:41:07 PM

Friday, May 16, 2008 4:41:07 PM

Post# of 385183
Yeah I'll keep a tight stop. Just in case I am wrong and there is an Elcrapo rampo on Monday. (Edit also, now all the 401K deposits are in for the bi-weekly pay period of 5/14-5/16.)

But... It looks like a black hanging man and last time it happened on the $NDX on May2 we were down 4-5 days. May be this time is different.

(Scroll down on my old post to foot).
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28998956


"Hanging Man is a top reversal pattern / bearish reversal pattern.
It may be formed at the end of an uptrend, or during a bounce within a downtrend, or at the resistance.

For a hanging man to form, the price must first trade much lower than where it opened, and then it rallies to close near its high at the end of the day. The long lower shadow formed shows some indications that the selling pressures might just begin. Although the bulls managed to regain control and drive the price higher at the close, the appearance of selling pressure raises some concerns.
The next trading day needs to confirm the Hanging Man’s bearish signal with a strong bearish candle (e.g. a gap down or a long red / black candle on a high volume)."

You can find anything on Youtube now and it is by and far the biggest hog of Bandwidth on the internet.

5mins tutorial on hangman Candle vs a hammer candle. Black Hangman happens at the top of an uptrend and hammers are reversals on a bottom trend.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SPY News