CBA Florida Inc. (fka CBAI)

[Imperial Whazoo]

Hey Neb -

Nice chart. What I saw today was not worthy of conclusions until the last hour.

I suggest that, if folks can, they break the trading day, which is 390 minutes, into equal portions. If you look at the volume, its very plain to see that a lot of volume came in in the last hour.

If you put it up on a 65 or 78 minute chart, you will see that there were approximately 3.185 million shares traded in the last hour or so.

And in both those periods, there is a candle that is called a "Hammer"

And the good thing about this particular candle is that it is a very high volume candle.

So, a very high volume "Hammer" in the final hour? That is good for tomorrow, IMHO. Very good, actually.

Oh, and the reason I use 65 and 78 is that there are six 65 minute periods in a 390 minute trading day and there are five 78 minute periods in it.

I have no problem with 10 day, 20 day, 50 day, 100 day and 200 days periods in day and weekly charts because those are the periods used by pretty much everybody who trades multi-day, but I favor having no remainders when I'm charting for day trading purposes.

For example, with 20 periods in a day trading chart, you get 19.5 periods in a 390 minute day. So the analytical question is where should the non-remainder part be balanced? Do I ignore the end and start and put the 19 periods in the middle or should it be at the start and the remainder in the final part of the day? Thats my point, and its why I use 65 and 78, among others, for day trading charting.

Just thought I'd explain myself given that what I'm doing is non-standard.

I know its my own way, which nobody but me uses, but I like the balance it affords, so thats why I use it.

Anyway..... using 65 and 78, the last candle is a very strong, high volume hammer.

L8r

Imperial Whazoo