Ann: Clarification of 4C commentary, page-34

Right now IBY has a very bullish hammer reversal candlestick pattern. We also have very high relative volumes this past 2 days of 2M+ compared with the long term average of 630K/day. Now it might be expecting too much for a sudden reversal and this needs confirmation in the following price action. However a pattern like we had today coupled with high volumes has the basics in place. For those not familiar with candlestick patterns see....

http://stockcharts.com/school/doku....:candlestick_bullish_reversal_patterns#hammer

Unfortunately I can't load a chart of IBY, something wrong with the HC upload process today but it is like the pattern in the link above..