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