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Re: Realperson post# 25599

Thursday, 11/15/2007 9:14:33 PM

Thursday, November 15, 2007 9:14:33 PM

Post# of 51429
If coydog is talking about the daily chart and referencing yesterday, it seems strange to call the real body, .10 to .105, unusually long (5%). Nison, in his book (http://www.amazon.com/Japanese-Candlestick-Charting-Techniques-Second/dp/0735201811 ), declares the harami (or harami cross) must be preceded by an unusually long real body.

There is a long shadow. The real body is between the open and the close, not the high and the low.

This is an example of a harami cross:


IMO, the 1 month daily chart does not reflect a harami cross.
Yesterday did form a hammer which is a strong reversal signal confirmed by a subsequent open. If you ignore the low volume that forced the doji late today, it would seem to indicate that the bears are losing ground.

Here's a good example of the opposite pattern, a bearish harami cross on Nov. 7ish:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24362709

Just wanted to clarify...

coydog, please feel free to correct me if you think I'm wrong... I understand that "unusually long" is relative to one's own definition. I do not claim to be an authority on candlesticks. However, Nison is.




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