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Re: burner67 post# 8966

Sunday, 01/07/2024 1:47:28 AM

Sunday, January 07, 2024 1:47:28 AM

Post# of 13894
In terms of algorithms a falling knife on a daily chart is an inverted hammer head with a long handle on top, with no stopping of the selling, with an even higher EOD many times. The bullish hammer is the exact opposite. Also listen very carefully the the next piece of info. 4-5 days down with a bullish hammer on the last day is always called a bearish reversal and called a buy signal. Warren buffet has bragged he has hundreds of AI program traders using 3 dozen + algo patterns working for him all the time. I heard it in an 1 hr interview once. They love that pattern among others, its their bread and butter, literally. Don't be afraid of what you haven't heard much about or thought important. You would be surprised how many traders shoot their foot off by making the same mistakes over again. No offense intended.
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