Casaubon,I agree,this "man" can point at indecision.
I think,you remember our good discussion, Sat May 20 about NYA.
We had that questionable candles on the same level,which were in indecision as well,which was resolved to the upside.
NYA was the trigger for the rally on May 26.
Now, NYA is in neutral position and the players has changed...
INDU and COMPX are the players.
INDU
siliconinvestor.com
This last inverted hammer may hold the bottom.
In my balancing studies,it is the key for Indu to hold 10360-10,400.
COMPX,weekly
siliconinvestor.com
As long as this big candle will hold,COMPX goes higher.
COMPX,daily
siliconinvestor.com
On daily chart,it looks like a cup&handle formation.
We are forming the base at 3800.As long as this base is holding and Indu will hold....Compx is going higher.
In balancing analysis,Indu 10,400 was in balance with Compx at 4000.That means,Compx should go to at least 4000,when Indu is holding 10,400
el
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