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Politics : Idea Of The Day

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To: Ahmed Elneweihi who wrote (8836)	9/3/1997 6:57:00 PM
From: donald sew	of 50167

Ahmed, DRAGONFLY DOJI = looks like a capital T. The open and close are the same, with a long lower shadow and no upper shadow. Here's the logic behind the DRAGONFLY being a very strong reversal signal. Firstly, it must occur during a substantial downtrend, not just a 1-2 point dip. During the day it drops substantially and returns back up to the opening price. Since it dropped substantially there was alot of downward pressure, but to have it completely reverse indicates an even stronger upward pressure - there's the key to a candlestick reversal. I hope I explained it clearly. Sorry, but I just have to say it - did you like my AMAT call<gggg>. Again, I apologise - but I had to do it, hope you have a sense of humor. Seeya

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