Just doing some chart research on a cloudy Sunday morning.

As a believer in TA, the candle formed on Friday is rather telling. It is a classic "Closing Marubozu" formation, but with a twist.

The extra long wick at the end of a white candle, that has NO upper wick, meaning the price closed at the high of the day, is extrememly bullish. However it has been awhile since I have seen one with such a long lower wick.

So, it leans towards being a hammer formation, a white candle means this is a indeed a bullish reversal. It requires confirmation, so tomorrows action will tell the tale, exciting times! JMO GS40

The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend reversal, hammers can mark bottoms or support levels. After a decline, hammers signal a bullish revival. The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note. While this may seem enough to act on, hammers require further bullish confirmation. The low of the hammer shows that plenty of sellers remain. Further buying pressure, and preferably on expanding volume, is needed before acting. Such confirmation could come from a gap up or long white candlestick. Hammers are similar to selling climaxes, and heavy volume can serve to reinforce the validity of the reversal.