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Re: frontloading post# 32925

Thursday, 09/01/2011 6:24:40 PM

Thursday, September 01, 2011 6:24:40 PM

Post# of 48320
Mr. Efrky you can see the chart candlestick pattern at the closed is a shooting star known as inverted hammer...It is important to wait for the bullish verification.

the next trading day opens above the real body of the inverted hammer, it means that those who shorted at the opening or closing of the inverted hammer day are losing money. The longer the market holds above the inverted hammer’s real body, the more likely these shorts will attempt to cover their positions.

We will see what happens tomorrow.