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Thanks for the info Sparkie!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "sparkie1168"
<sparkie1168@xxx> wrote:
>
> Hi Preston
>
> The Doji can be viewed as a reversal pattern but they usually form
> part of other candlestick patterns. They are also considered to be
> days of indecision or consolidation. If the market has a big up
day
> followed by a doji pattern the next day then this can be view as
the
> market running out of steam with confirmation being made on the
next
> trading day. With all candlestick patterns confirmation is the
key.
> Things like divergence, support and resistance lines can be used
as
> confirmation with candlestick patterns. There has been a heap of
> info written about candlesticks and there magical powers. Most of
it
> is written after the event. I only view candlestick patterns as an
> alert that something may happen.
> I mainly look at the shadow part of the candle to see who is
winning
> the battle. The Bulls or the Bears. A long upper shadow is more
> bearish and a long lower shadow is more bullish. If these long
> shadow patterns happen near support & resistance lines then a
> reversal could be happening.
>
> I think the help files in MS has a section on Candlestick
functions.
>
> Sparkie
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@> wrote:
> >
> > All,
> >
> > Recently ran across a trading system which used candlestick
doji's
> as
> > a marker for trend reversals. As I am not a student of
> candlesticks, I
> > would like to know if anyone else has any advice/experience
using
> such
> > a system?
> >
> > Thanks,
> >
> > Preston
> >
>
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