Cheerful Monday.

Tracking the Dow on Monday,12/05/08
9:30am--A small 30.0 point gap-up.Stocks up as oil price drop eases inflation fears.Encouraging news about the credit crisis from London-based HSBC Holdings PLC, which said its first-quarter profits were up from a year ago although the global banking company took a $3.2 billion write-down on subprime mortgage assets in the United States.
10:30am--First hour low,BUY(long) as the full gap has been filled.The bullish spinning bottom is another sign.
11:30am--A high was established.The 2 inverted hammers with a spin is another good sign.Hang on.
12:30pm--Index is still holding along the path of the high.
1:30pm--The beginning of the 2nd session saw 2 draginfly dojis again
2:30pm--The powerful bulls charge.
3:30pm--The bullish harami,bulls still intact.
4:00pm--The closing saw the 2 toppish spinners at work,an exhausted bull.

Monday's strong inverted hammer candlestick below the MAV is a good sign of further strong recovery.The engulfing harami will be an added booster.