Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (7395)	4/16/1999 9:16:00 PM
From: HPilot	Respond to of 17679

I don't think a single Doji's mean's much. But several of them after a run up, then watch out!

To: Michael Olds who wrote (7395)	4/16/1999 9:53:00 PM
From: stan s.	Read Replies (1) \| Respond to of 17679

iqc.com equis.com Hi Michael, here are a couple of additional links on Candlesticks, be sure to read all the doji and doji star entries. Similar to your software but a few extras. By the way I have better sites on my other computer, haven't transferred the bookmarks yet. I'll send 'em when I can. Having said that, the only Candlesticks that I feel comfortable relying on without confirmation from standard TA are some situations involving the engulfing patterns, dark clouds and of course the pure gaps or windows. I do not put a lot of stock (ha) in the lesser patterns, doji included, purely anecdotal by the way. In this case the pattern is slightly bullish indicating reversal of the short term decline. This is determined both by the long lower wick (shadow) and the fact that it's a doji star occurring after a short downturn. The previous day was also a negative (even though it technically ended up) because it closed lower than it opened...thus helping determine this pattern as a potential reversal of the short term decline. It's very similar to a morning star doji depending on Monday's outcome. Technically it falls a little short due to the length of yesterday's real body. However....no real confirmation yet from other short term indicators...they have a slightly negative appearance. Conclusion? It's basically a wash short term with confusion and indecision the overriding pattern. KEY WORDS SHORT TERM. The weekly and monthly charts still appear on course for 10, 11. Not inexorable by any means but bullish nonetheless. So I took up all this space to say....nothing that everyone didn't already know. Short term indecision, medium term bullish...for now. Just saw Hugh's answer, that about says it! Stan