4 replies to this topic

[johngeorge]

The Long Legged Doji has long upper and lower shadows
with the open and the close very close or the same.
This pattern reflects the indecision of buyers and sellers.
The open and the close of the day are very close or are
the same. The lower and upper shadows are very long.
The low of the day is very low and at the bottom of the trend.

Note: The accuracy of the description above is dependent
upon how close the recognized pattern resembles the ideal
pattern presented in the example.

Excerpted by permission form Candlestick Charting explained by Greg Morris http://store.yahoo.c...achexgrlmo.html
This chart updates automatically in real time.
http://stockcharts.c...4161&r=9778.png

Edited by johngeorge, 12 August 2007 - 03:16 PM.

[nicolasillo]

r u greek by any chance? johngeroge it leads me only to a greek first name and surname.

The Long Legged Doji has long upper and lower shadows
with the open and the close very close or the same.
This pattern reflects the indecision of buyers and sellers.
The open and the close of the day are very close or are
the same. The lower and upper shadows are very long.
The low of the day is very low and at the bottom of the trend.

Note: The accuracy of the description above is dependent
upon how close the recognized pattern resembles the ideal
pattern presented in the example.

Excerpted by permission form Candlestick Charting explained by Greg Morris http://store.yahoo.c...achexgrlmo.html
This chart updates automatically in real time.
http://stockcharts.c...4161&r=9778.png

[johngeorge]

r u greek by any chance? johngeroge it leads me only to a greek first name and surname.

nicolasillo
Afraid no greek, at least that I am aware of, in me. Mostly German, Irish, and Bohemian with a number of other nationalities in there including Native American. A real melting pot! Or as they used to say a "Heinz 57". Lots of liberals from waaaaaay back.
Best to you.

[SilentOne]

johngeorge, The significance of Friday's candle (doji) has to be confirmed by a good day on Monday to have bullish implications. The same goes for the technicals, ie. if the Qs can show a lower low on weaker downside technicals (ie. divergence). Everything hinges on Monday/Tuesday's performance IMO. cheers, john

[johngeorge]

johngeorge,

The significance of Friday's candle (doji) has to be confirmed by a good day on Monday to have bullish implications. The same goes for the technicals, ie. if the Qs can show a lower low on weaker downside technicals (ie. divergence). Everything hinges on Monday/Tuesday's performance IMO.

cheers,

john

Thank you for that analysis, john. You are soooooooo right IMO. Monday-Tuesday will be most important.
Best to you