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AXE Chart, page-130

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    There are hammers and there are hammers (not that I'm sure that that stuff works) and to me for a hammer to be truly indicative of a bullish mood the close should be above the opening, though not necessarily at the day's high.

    The semiconductor index had a big drop last night and the Nasdaq fell a third, which might dampen any enthusiasm today. We'll see.
 
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