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To: Chris K. who wrote (521)4/7/1999 5:13:00 PM
From: Zeev Hed  Respond to of 4824
 
Chris, I have not the foggiest if it is going to be few bucks or few pennies in three weeks (I wish I knew, however). But a red candle happens when a stock closes below its opening, a Doji happens when the stock opens and closes almost at the same price, what we had yesterday was thus a doji, and a bad one, because it was a gravestone doji (the stock open and close at the same price and very near the low of the day, unlike a dragonfly where the same happen but the close and open are near the high of the day). Typically a Gravestone followed by a red candle might indicate a trend reversal, I am not sure what is the interpretation in candlestick lore of a red candle with a close above yesterday close (which is what we had today).

Zeev