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jk21

03/09/07 4:03 PM

#20217 RE: dart1961 #20216

yeah, but then why did the shorter term RSI show such positive movement from just a doji?
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m0m0mey0

03/09/07 4:06 PM

#20221 RE: dart1961 #20216

That's a DRAGONFLY Doji.

From http://www.streetauthority.com/terms/doji.asp

'Finally, a "dragonfly" doji depicts a day on which prices opened at a high, sold off, and then returned to the opening price. In my experience, dragonflies are fairly unusual. When they do occur, however, they often resolve bullishly (provided the stock is not already overbought as shown by Bollinger bands and indicators such as stochastics). Here's an example of a dragonfly doji:

T

BULLISH.

All aboard flight 777, ready for takeoff.



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TradeForProfits

03/09/07 4:37 PM

#20244 RE: dart1961 #20216

.002 yeah baby :)
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TradeForProfits

03/09/07 5:43 PM

#20265 RE: dart1961 #20216

yes, a doji can be a turning point, either way, but the way it traded today, with very little on the ask side in regards to mm's, indicative of a big turn around to start next week.