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Re: Cool_Trades post# 2714

Monday, 08/29/2011 12:30:35 PM

Monday, August 29, 2011 12:30:35 PM

Post# of 16723
I'll go with a morningstar doji ........

Doji and Trend

The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, or long white candlestick, a doji signals that the buying pressure is starting to weaken. After a decline, or long black candlestick, a doji signals that selling pressure is starting to diminish. Doji indicate that the forces of supply and demand are becoming more evenly matched and a change in trend may be near. Doji alone are not enough to mark a reversal and further confirmation may be warranted.

Prior it was a Marubozu - hold

But the day isn't over.....so I'll take a look at the close

Its a head fake in this market!
It's all about the charts......& DD


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