hers another bearish sign posted from the candelstick thread:
| ------ | Respond |
To: Greg Butcher (735 )
From: MonsieurGonzo Sunday, Nov 23 1997 4:59PM EST
Reply #737 of 737
Greg; RE:" Most Bearish Signal..."
The Gravestone Doji, without a doubt. Upside-down crucifix, with OPEN and CLOSE equal or nearly equal; long line up, short line down (or no line at all down). I'm tempted to sell short as soon as one of these appears, without waiting for confirmation.
Second would be a Shooting Star, gap-up (body) from the preceeding candlestick, with the following (third) candlestick gap-down (body). This is called an Evening Star. If the middle candle is a Doji, or a Gravestone Doji - even more powerful.
>> Just do a scan for Dojis or near-Dojis, Greg. They are easier to spot with computer scans. Set your tolerance for delta between OPEN and CLOSE at ZERO (perfect Doji), 1/8 or less, and up to 3/8 or less on a weekly chart candlestick scan. Works great.
BTW, please post your Doji Scans here, folks !!!
-Steve |
