Replies to post #283532 on Zeev's Turnips Patch-No Politics (ZEEV)

[Been Around]

Don't know about the two doji but three doji would be a bullish tri star.

http://www.litwick.com/indicators/1146.html

BA

[Burk]

I dunno, but this should get us going next week.....


"Now maybe we will finally see some sort of shift in these numbers next week, which would coincide nicely with the market reaching an oversold condition on both the oscillator (the 10-day moving average) and on the 30-day moving average. (The 10-day gets oversold early next week, while the 30-day will do so tomorrow or early next week.)

Of course, the 10-day moving average of the put/call ratio also says Wednesday would be too soon for capitulation. That indicator, along with some of my others, also says wait until next week."

[Justa Werkenstiff]

Z: I don't think there is a two doji pattern. But the interpretation would be that selling is slowing overall to a point of indecision (doji) whether to continue or not (respect of 1750?). Three dojis would make a tristar and, in a way, you had that last October even though the first and third were not dojis but were small bodies instead. Still the underlying psychology of the formation was the same.