Candlestick “Hammer” Predicts Rise in the S&P

The Candlestick “Hammer” pattern is one of the most consistent and reliable bullish Reversal patterns of all. We see it now, on February 5, 2010, in the Dow Industrials, the S&P 500, the NASDAQs, and several other major Indexes. It would seem, therefore, that stock prices (as reflected in the Indexes) are likely to rise very soon.

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