SPDR S&P 500 (SPY): Oman, I also pondered over the dojis....

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Re: omandan post# 84645

Saturday, 07/11/2009 11:39:03 PM

Saturday, July 11, 2009 11:39:03 PM

Oman,

I also pondered over the dojis. But not all dojis are the same. If there were tristars in the south then a bounce for sure. But they were falling dojis. If you consolidate all three you would get one single doji but it is at the foot of a previous red candle. This consolidation at the foot of a red candle is bearish and more often than not lead to continuation of the down trend. Just my 2 bits of course.

2bit

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