News Focus
News Focus
icon url

3xBuBu

01/31/12 4:28 PM

#69019 RE: 3xBuBu #69018

In addition to the Doji pattern that appeared in the longer term chart of the S&P 500, weekly Dojis also appear in the chart patterns of Broadcom BRCM -0.02% , Wal-Mart WMT -0.03% , J.P. Morgan Chase JPM +0.21% and Norfolk Southern NSC +0.70% . Uniquely, the Doji for NSC appeared the week before last, and it was followed by a negatively engulfing red candle. That made it a bearish reversal Doji and a bearish indicator.

http://www.marketwatch.com/story/doji-pattern-is-more-actionable-than-golden-cross-2012-01-31?dist=afterbell
Note: golden cross is a contrarian bearish indicator. See NSC daily at bottom