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Thursday, December 16, 2010 10:32:51 AM
imo
Pattern: Reversal
Trend: Bullish
How to Identify it
* A long black day occurs
* The second day is a doji within the real body of the previous day
What it Means
After a long black day at the low end of a downtrend, the market opens higher than the previous day’s close and closes at the open. The Harami Cross indicator is more definite than the basic Harami indcator, and signifies a reversal for the bulls.
Chartist & Day Trader
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