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Technology Stocks : JDS Uniphase (JDSU)
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To: Boplicity who wrote (11622)7/21/2000 11:52:36 AM
From: Alastair McIntosh  Read Replies (2) of 24042
 
Gregory and John;

I believe that you are not interpreting the candlesticks correctly. The Dragonfly doji yesterday is actually an indicator of the reversal of a bearish trend. However, this reversal indicator is only valid after several days of a downtrend. When it appears in an uptrend it is not indicative of a trend reversal to the downside. If anything, I would suggest that its appearance in an uptrend is generally bullish.

Its counterpart in an uptrend is the Gravestone doji. If this forms during an uptrend, lookout below, a downturn is likely.

Al
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