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elsieCat

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elsieCat

Re: bwalk63 post# 80412

Thursday, 10/16/2008 8:07:58 PM

Thursday, October 16, 2008 8:07:58 PM

Post# of 107353
Sure. Look down the page I link to for "hammer".

An open candle with a long tail means that there was a challenge to the sp, but buying outweighed all the selling and the day ended up. It's a bullish sign, but needs followthrough.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bullish_


HTH.
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