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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: MJ who wrote (5832)3/4/2005 6:38:15 PM
From: Vendit™  Read Replies (1) | Respond to of 8752
 
Good afternoon MJ,

A spinning top can occur any time alone a stock’s trend but it basically means neutrality or bears=bulls for the time-frame that you are looking at.

In the picture linked below:

knology.net

You will see a spinning top candlestick at the bottom of a down-trend. The stick is t shaped and the – part of the t does not have to be a perfect center as pictured above.

The important thing to know about a spinning top is that it means neutrality and gives the trader a hint that a reversal in trend is “possible”.

I know that you may be puzzled by the picture I linked above because the candlestick in it is labeled a Doji-Star. The Doji-Star is in reference to the combination of candlesticks in that particular picture that I linked back from one of my websites. The single candle is a spinning top.

Reid