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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (91303)	3/31/2017 4:30:21 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 218305

it represents indecision and it doesn't often occur.. Especially on a monthly chart. Hawk

To: GROUND ZERO™ who wrote (91303)	3/31/2017 11:17:22 PM
From: Underexposed	1 Recommendation Recommended By Heywood40 Read Replies (1) \| Respond to of 218305

Well commenting on a Charting term for pattern (not an English lesson) a pattern is a regular occurrence of data and what you were doing was akin to drawing a straight line through a single point My look at 5 years of monthly SPY data shows three perfect dojis and another 6 instances which were pretty close to dojis but are very small spinning tops. Your doji prediction at the end of March did not pan out as it turned into a true spinning top. Predicting a candle before it has ended its time period is fraught with uncertainty. As you can see the direction of the values following dojis or near dojis are pretty variable but most do not seem to indicate a pattern of long term decline... the only one that showed significant decline appears to be the one you selected