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To: Gary Korn who wrote (3416)11/11/1998 12:04:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 4135
 
More Japanese candlestick patterns. Today's action, with its long upper shadow, yet a close almost equal to the open, is reminiscent of a gravestone doji iqc.com

A gravestone doji "has a long upper shadow and no lower shadow. It is a good indication of bullish trend reversal." As we are already in a bullish trend, I don't understand the reversal part of this pattern. Perhaps in this situation it suggests a continuation of a bullish trend, even though the stock did not advance.

Gary Korn