Welcome! Please Log In
Go
Essentials Popular Topics
My Favorite Forums Join Discuss to setup a list of your favorite forums.
Another Doji Day!!!! uncleharley  11-08-2007, 6:54 PM | Post #2454925
0  

I believe I have posted before about the candlestick pattern called the Doji.  A Doji is formed when a security or index opens at some level, rises above and drops below that opening level and closes at or very near the level that it started at.  The pattern has a few refinements to it, but it basically means that the traders invloved are undecided about the instrument they are trading.

   Well, today the RUT, the WLSH, the DJI, & the SPX all had a Doji day. And they had that indecisive day on blockbuster volume, which indicates that they are deffinately undecided.  Only the NDX had a direction today. It went down 2.9%, also on blockbuster volume.  Meanwhile, volatility was up for the 2nd consecutive day and the close was a little weak.

uh 

Topics blockbuster SPX technical analysis volatility volume View Complete Thread
 
© Copyright 2008 Morningstar, Inc. All rights reserved. Please read our Terms of Use and Privacy Policy.
Quotes for NASDAQ are 15 minutes delayed. All other exchanges are delayed 20 minutes.