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Friday, October 17, 2008

KNM .... THOR HAMMERED THE BEARS

BY Zhuge Liang

KNM is a war zone with bears mauling it's prices from a semi-bluechip to a pennystock & hitting limit down yesterday b4 being rescued in the nick of time from oblivion. KNM traders were being eaten alive until someone or something came to the rescue.

KNM Chart (below)

Who is THOR?
In Norse mythology, THOR was the god of war, thunder and strength, and son of Odin. THOR destroyed the enemies of the gods with his magic hammer. It was he who chased away the frosts and called gentle winds and warm spring rains to release the earth from its bondage of ice and snow.



THE (THOR'S) HAMMER .... a technical candlestick icon
A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a HAMMER-shaped candlestick.

A HAMMER occurs after a security has been declining, possibly suggesting the market / stock is attempting to determine a bottom.

NOTE : The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening

HAPPY TRADING & GOODLUCK2ALL

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