Tuesday, May 10, 2011 8:42:28 PM
The only person I can think of who is capable of answering professionally is BioDoctor. I'm hoping he comes around a little later tonight with his daily report.
As for your analysis, I still see a top shadow so am not sure if it is a true hammer
I like to start by identifying the color of which today was again - black candlestick. Right now that is all I can say for sure
AS for trend, BioDoctor mentioned the importance of the number 3; from my amateur point of view, we just completed a 3 day pattern if you use Friday's White Marubozu as point of reference. We did not break the low of the White Marubozu so it appears that we have a reversal bullish pattern intact.
I am using this chat board, along with upcoming CC -pr out there somewhere, sial announcement as items to judge "sentiment"
Right now -all positive
My thoughts for tomorrow are (amateur) we start repeat of last 3 day pattern; lots of hot air on the chat board with stock heading north=storm brewing
I am doing trades on paper using JCP and today hypothetically bought 10 000 at .127. If it does what I;m thinking sell at .152
I hope BioDoctor comes around later with the real deal analysis.
PedroMon
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