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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (74911)3/14/2007 10:03:06 AM
From: William H Huebl  Read Replies (2) of 94695
 
The DOW-30 industrials look like they are struggling to keep their heads above water. Forming a nice gravestone marker if this continues.

Lurkers: That is a Japanese Candlestick Pattern - the Gravestone Doji. From the Street Authority: A "gravestone doji," as the name implies, is probably the most ominous candle of all. On that day, prices rallied, but could not stand the "altitude" they achieved. By the end of the day they came back and closed at the same level.

We'll see if it sticks or forms some other pattern!
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