Hammer forming on the Dow

Blue Ruin

Active member

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• May 6, 2010

• #1

Stop below the pin.

 

T

tomorton

Guest Author

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• May 6, 2010

• #2

Yes, a hammer, not a clasic pin bar - but the low is 900+pts below the high - not playable on this basis surely.

(the range was so big I thought there was some bad data got into my charts: tough day in NY)

 

Waterfield

Well-known member

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• May 6, 2010

• #3

It's NFP tomorrow, amongst other things...

Wouldn't touch it with a barge pole.

 

Blue Ruin

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• May 6, 2010

• #4

 

N Rothschild

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• May 7, 2010

• #5

rofl your talking about pin bars after the largest point drop in the dow in history?

 

DionysusToast

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• May 7, 2010

• #6

Bloody hell - look what I missed - I guess that's what happens when you only trade the mornings !

I'm not HP about missing that...

On the bright side - I had closed out all my longer term longs on 16th April waiting for a pullback - glad we got it so I can get in again (although not today) !

 

Last edited: May 7, 2010