Ask Vendit Off Topic Questions

[Vendit]

By table formation I am assuming that you refer to the last 4 candles(?)

http://www.askresearch.com/cgi-bin/chart?symbol=ITWO&exchange=USA&size=640x480&months=3+...

In short, nothing. However if you look at the candle yesterday by itself you will see a possible reversal candle has formed:

Hammer -- a candlestick with a long lower shadow and small real body. The shadow should be at least twice the length of the real body, and there should be no or very little upper shadow. The body may be either black or white, but the key is that this candlestick must occur within the context of a downtrend to be considered a hammer. The market may be "hammering" out a bottom. ---->>


http://www.offshore-investors.com/Candlestick12.gif

Reid