Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: martin001 who wrote (8702)	6/7/2001 9:20:49 AM
From: donald sew	Read Replies (1) of 52237

martin001, >>>> There was a doji that formed yesterday on the SOX. Dojis can be used to signal an upcoming reversal. My question to you is: My understanding of Dojis is that they are only a good reversal signal if they are formed at the top/bottom of a trend. Not in the middle of a trend or in a range bound market. Is this correct? <<<< Yes, and it was a LONG LEGGED DOJI, which from my experience is better than a small DOJI for determining pivot points. The basic rule that I follow concerning DOJIs, is that they normally develop at up or down pivot points or near the mid-point of a short-term trend. The SOX rallied 79 points, so the question is whether that is enough to be considered a significant rally. Subjectively, I would say so, but I also have my short-term technicals which I believe gave a CLASS 2 intraday SELL SIGNAL yesterday. I do combine the candlestics with my short-term technicals all the time. seeya

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