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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: jhg_in_kc who wrote (2090)6/1/2000 10:22:00 PM
From: Bosco  Read Replies (1) | Respond to of 30051
 
<ot>Hi jhg - gravestone doji is no joke. It is a candlestick TA terminology. It opens and closes more or less at the low with a spike [wick w/o a body.] It suggests the previous rally has exhausted and there is a strong tendency for reversal [into the bearish sentiment.] Does it work all the time, probably not. Is it useful? I think so.

best, Bosco



To: jhg_in_kc who wrote (2090)6/2/2000 12:51:00 AM
From: Don Green  Respond to of 30051
 
Gravestone Doji

Pattern The open and close are at the low of the bar.

Interpretation A top reversal signal. The longer the upper wick, the more bearish the signal.

daytradersbulletin.com

casparmarney.com



To: jhg_in_kc who wrote (2090)6/2/2000 3:31:00 PM
From: cellhigh  Read Replies (1) | Respond to of 30051
 
by now i guess you have an insight to candlestick charting,and i thank the thread for their insight.the only thing i can add is all market timing tools need confirmation before they are to be believed,thus my cautionary statement to Zeev.
lucky i didnt run for the hills.rmbs+22 navi+4 cmrc+9 csco+4 cmgi+7...doesnt get better than this for 1 days work...rizz
i would of hate going thru that decline,then missing 1 or 2 days of outrageous gains.buy and hold,take my word for it!