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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (23578)	11/7/2001 8:48:41 PM
From: waverider	Read Replies (3) \| Respond to of 52237

OK Susan, so take out the doji thing in LitWick and the sites agree. But daytraders do not mention the formation in relation to a gap up at the open as does LitWick. Wonder if it matters. Guess we'll find out tomorrow? :) Looking at the NEM chart: stockcharts.com[w,a]daclyymy[db][pb50!b200!b20!d20,2!f][vc60][iUb5!Uh14,3!La12,26,9!Ll14!Lg] What's that little thingie today called? :) A swinging pendulum? Would be interesting to see the actual stats on if these formations are really predictive. wr

To: Susan G who wrote (23578)	11/7/2001 8:59:53 PM
From: turnmore	Respond to of 52237

Hi Folks, I can offer this interpretation from John Murphy (p.300, TA of the Financial Markets) When the open price and the close price are equal, they are called Doji lines. The Doji candlesticks can have shadows of varying length. When referring to Doji candlesticks, there is some consideration as to whether the open and close price must be exactly equal. This is a time when prices must be almost equal, especially when dealing with large price movements. There are different Doji candlesticks that are important. The Long-legged Doji has long upper and lower shadows and reflects considerable indecision on the part of market participants. The Gravestone Doji has only a long upper shadow and no lower shadow. The longer the upper shadow, the more bearish the interpretation. If we accept these definitions we may indeed have a Doji pattern today (open and close prices were almost equal, 0.1% variance). If we fudge a bit because of the lower shadow we are somewhere between considerable indecision and a bearish sell signal. I feel better.<gg>