Hello N4. LONG ago, on this very board, I did a huge study on the hammer candle, and posted like 10 charts that had beautiful hammers. The consensus was that like anything, it is a GOOD indicator that put the odds in your favor. I believe it was something like 7 of the 10 had positive next days. I used the BlackJack analogy, that when the dealer is showing a 6, the ODDS are in your favor, bet the max. You won't ALWAYS win, but you will win more times than lose, and in the game of stock picking, that is the ultimate goal.
I am still thinking that with the 'positive' tone coming out of Washington, we will see a nice bounce this week in the whole market. How long this positive tone will stay is the question. Looking at about $139 on the SPY to be the decision point if we move higher or not. My 'gut' tells me that we sell off again after that, Then again, it could be the nasty eggs and bacon I had this morning, lol.
You still double clocking your chips?
