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Post# of 116863
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MightyMac

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MightyMac

Re: dloggold post# 43709

Friday, 10/05/2012 9:52:35 AM

Friday, October 05, 2012 9:52:35 AM

Post# of 116863
Inverted Hammer is only a single day on a chart. For that day and the next I consider it bearish because I believe the chart is showing a close near the low for the day. Thus a series of Inverted Hammers I believe would indicate the stock closed near its low for several days. If that series took place in sequence without interruption, the stock would be in falling trend.
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