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      09-07-2011, 12:58 PM   #128

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Originally Posted by mact3333 View Post
We got hammer candle today...hmmm...looks like I am going to have to peel off short hedges.

We also have buying on weakness on SPY both friday and today...I am thinking odds favor we go up from here for abit.
candles dont mean shit sometimes..hammers and such sometimes are very nice fakeouts and its my belief that technicians intentially print certain types of bars to sucker the candle worshippers in......look at the nice hammer on 8/03....whoever bot the close on that basis got slaughtered the next day