Thursday, May 03, 2012 8:50:12 PM
that said, today's candlestick is an inverted hammer. found at the bottom of a downtrend, it's a bullish candle that signals a possible reversal. AUCI gapped down at today's open from where it closed yesterday. surprisingly enough, that, too, is bullish in that it sets the stage for a stronger reversal.
of course, if there is no follow through, there is no reversal. this candlestick has a low reliability. tomorrow will tell a tale.
good luck to ALL
rich
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