Hammer


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Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
References in classic literature ?
"Yes, I am," said Father Brown; "why is it such a small hammer?"
"By George, that's true," he cried; "who would use a little hammer with ten larger hammers lying about?"
Then he lowered his voice in the curate's ear and said: "Only the kind of person that can't lift a large hammer. It is not a question of force or courage between the sexes.
And I agree that a woman will always pick up a small hammer instead of a big one.
No man but an idiot would pick up that little hammer if he could use a big hammer."
Then he continued, mastering his discomposure: "The words you said were, `No man but an idiot would pick up the small hammer.'"
Either the wooden horse was careless, or it failed to properly time the descent of the hammer, for the mighty weapon caught it squarely upon its head, and thumped it against the ground so powerfully that the private flew off its back high into the air, and landed upon one of the giant's cast-iron arms.
The Scarecrow dashed in to rescue his Sawhorse, and had his left foot smashed by the hammer before he could pull the creature out of danger.
Billina having fluttered under the hammer, it now remained only to rescue the private who was riding upon the iron giant's arm, high in the air.
At last, Uncle Podger would get the spot fixed again, and put the point of the nail on it with his left hand, and take the hammer in his right hand.
Aunt Maria would mildly observe that, next time Uncle Podger was going to hammer a nail into the wall, she hoped he'd let her know in time, so that she could make arrangements to go and spend a week with her mother while it was being done.
And then he would have another try, and, at the second blow, the nail would go clean through the plaster, and half the hammer after it, and Uncle Podger be precipitated against the wall with force nearly sufficient to flatten his nose.