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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Estimated Prophet who wrote (34033)	5/29/1998 9:05:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

Brian Where have you been for over the last 300 years ? That is how old a "doji" is !!!! Larry Dudash

To: Estimated Prophet who wrote (34033)	5/29/1998 10:25:00 PM
From: dumbmoney	Respond to of 53903

A "doji" is a Japanese temple where people go to pray for higher DRAM prices...I think...

To: Estimated Prophet who wrote (34033)	5/30/1998 11:22:00 AM
From: Mike M2	Respond to of 53903

Brian, doji is a term used in Japanese candlestick charting Steve Nissen wrote a book about it recently but the technique has been around for several hundred years. Sorry I can't define it. I am not a candlestick guy. Micron tanks fer too many memories. ho ho ho Mike

To: Estimated Prophet who wrote (34033)	5/30/1998 11:45:00 AM
From: DavidG	Read Replies (1) \| Respond to of 53903

Brian, A Doji is a symbol in candle stick charting, that oddly enough, results in neither a black candle or a white candle but a "star" or "+". It indicates that on a given day the stock opened and closed at exactly the same value...but during the day moved much higher and lower to create the star effect. So when it occurs in either an uptrend or downtrend it usually is indicative of a plateau or bottom, respectively, with the following days the stock moving in the opposite direction. It is especially significant when it occurs on a gap up or gap down with better than average volume...but, on a downtrend, one should wait for a white candle the next day for confirmation. Sell stops are usually put in below the star in case of a false upward indication. DavidG

To: Estimated Prophet who wrote (34033)	5/30/1998 1:54:00 PM
From: Kok Chen	Respond to of 53903

What is a "doji" ?? Brian, That term comes from Japanese Candlestick charting, where the daily (or whatever period you do your witchcraft with) price is shown as a vertical line from the low to the high. The price between the open and close is shown as a fatter line. If the open is lower than the close, the fatter line is shown in white, and if the close is lower, the fatter line is shown in black. Larry (or HAL, I could never tell those two guys apart) likes to use red instead of black when the close is lower than the open, and that is why you see the term "Red candle" on the S.I. MU forum. A Doji pattern occurs when the close happens to be the same price as the open. So, a Doji can look like a "plus" symbol (I think that is called a Doji star), a capital "T," an inverted cap "T," or even a "minus" sign. Candlestick charting was supposedly used by Japanese rice traders, and documented as far back as the 1700s. It has since been used to display the price of tulips and MU. I like it since you can visually "see" the entire action without squinting. A computer, of course should not care, since you just incant something like (a.open == a.close) without having to even look at a candle or a bar. Lots of the free charting stuff on the Web have the option of charting by Candlestick. Notice that a "red candle" does not mean that your stock has moved down. Just means that the close is lower than the open. In the last 14 trading days, MU has had all red candles, but there were actually a couple of up days. Real practitioners of Candlestick Charting do not just look at a single candle but at a group of them. You have fanciful names like "Three Black Crows," "Bearish Hammer" and such. "Sixteen Candles" is not one of them. (Hey, David, I thought it was Patti Page.) Take a look at why.net if you like more entertainment on this topic. Cheers, Kok Chen