Friday, October 17, 2014 10:38:56 AM
"... so you can begin learning something ..." I hope...
1. The 1st DOW JONES candle you circled on 9/19 wasn't a spinning top-- it was a Shooting Star and that is a reversal candle.
2. The 2nd DOW JONES candle you circled on 9/30 was indeed a spinning top-- and the epitome of an indecision candle (reversal or continuation) as the 10/1 candle confirmed a downtrend continuation.
3. The 3rd DOW JONES candle you circled on 10/2 should be considered a doji (given the scarcity of body size) and could have been a Bullish Doji Star had it not been for the length of the tail.
4. The 4th DOW JONES candle you circled on 10/6 was again indeed a spinning top-- and again the epitome of an indecision candle (reversal or continuation) as the 10/7 Black Opening Marubozu confirmed a downtrend continuation dashing the hopes presented by the White Opening Marubozu on 10/3.
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