Chart Analysis: AIG forms Bearish Inverted Hammer


I have been watching AIG over the past week or so as it flails wildly both up and down. After showing a strong reversal to the upside, AIG formed a bearish inverted hammer that looks pretty serious. The volume was enormous showing that the professionals were very active and that there was a lot of supply in the market. Here’s the chart:

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Alex

Organization and discipline are what separate winners and losers in the markets.