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To: Trey McAtee who wrote (15321)2/28/1999 5:10:00 PM
From: Dug  Read Replies (2) | Respond to of 21342
 
iqc.com

Trey, Friday formed the doji even though technically the price should have closed unchanged. Had the doji been within the range of the previous long day it would have formed a Harami Cross but as you can see the doji drags a little below the previous day's body. The doji represents indecision & the more indecision the more likelihood of a trend change.

Still learning myself & heres a link of basic patterns but not the one Im using.

iqc.com

The link Im using no longer works but I had a chance to print out the bullish indicators & that particular links graphic symbol doesn't show a lower shadow on the previous long black day (black body w/ upper shadow only) for the Harami Cross. It referenced the source as being CandlePower by Greg Morris. It may be more accurate & I prefer a definite pattern. Wish I had printed the bearish indicators from that link.

Later,

Dug

P.S.

Thanks Skiawal