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Friday, March 18, 2005 6:12:35 PM
As you pointed out, a hammer printed March 16, a somewhat bullish configuration. And as you know, nothing meaningful came from the event. New shares are being distributed. This often interferes with any positive dynamics afforded to these technical scenarios. Hammers confirm in full during the following print - another mathematical opportunity lost.
The print on the close today is a "squat". I won't go into definitions, but it too is bullish. It remains to be seen how this technical scenario will unfold.
There comes a time when you define the moment, or the moment defines you. - Tin Cup
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