Monday, October 22, 2007

Hammer Time

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I saw lots of hammers across different sectors today:

So, take a stock in a healthy uptrend, throw in the uncertainty of the latest pullback, out pops a hammer formation, and what do you think will happen tomorrow? I think we will gap up. Both AAPL and the futures are currently pointing towards a gap up as well. But I also think that gap up will get filled. What happens after that is anyone's guess.

But I am watching MA, AKAM and GROW with interest, and tomorrow's market action just might get me into a swing trade (finally).

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