AI
Wednesday, May 30, 2007 4:21:42 PM
Well, interesting day on the candlestick front.
We had what's know as a Gravestone Doji. Gravestone Doji is a Doji in which the opening and closing prices are at the low of the price range. It signals a top in a bull run and a bottom in a bear phase. Of course the argument's a bit weak in our case, as the only reason for the Gravestone is one person buying some shares at the .0065 ask when it was briefly there.
If we can say, and I think we can, that we HAVE been in a bear phase, this Gravestone Doji might signal the end of it. Those Bollies are really coming in for the pinch too.
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We had what's know as a Gravestone Doji. Gravestone Doji is a Doji in which the opening and closing prices are at the low of the price range. It signals a top in a bull run and a bottom in a bear phase. Of course the argument's a bit weak in our case, as the only reason for the Gravestone is one person buying some shares at the .0065 ask when it was briefly there.
If we can say, and I think we can, that we HAVE been in a bear phase, this Gravestone Doji might signal the end of it. Those Bollies are really coming in for the pinch too.
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