The Hammer is a bullish reversal pattern that forms after a decline also hammers can mark bottoms or support levels.The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level.
Showing posts with label funds. Show all posts
Showing posts with label funds. Show all posts
Thursday, January 21, 2010
Hammer & Hanging Man
The Hammer is a bullish reversal pattern that forms after a decline also hammers can mark bottoms or support levels.The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level.
Harami Position
A candlestick that forms within the real body of the previous candlestick is in Harami position.The shadows (high/low) of the second candlestick do not have to be contained within the first, though it's preferable if they are.
Star & Rain drops Position
A Star appears when a small body gaps above the previous day's long body. Stars are part of more complicated candlestick patterns, especially the reversal patterns.A Rain Drop appears when a small body gaps below the previous day's long body. Rain Drops are part of the more complicated patterns, especially the reversal patterns.
Monday, January 18, 2010
Rates to stay low
The Federal Reserve kept its key interest rate near 0% 
and appeared ready to do so for the foreseeable future, after declaring Wednesday that despite signs of improvement, the nation's economy is likely to remain weak.
and appeared ready to do so for the foreseeable future, after declaring Wednesday that despite signs of improvement, the nation's economy is likely to remain weak.The fed funds rate is used as a benchmark to determine interest paid by consumers on credit cards and home equity loans, as well as the rate paid on many business loans.SGQKHSAP693E
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