If a doji occurs after a long-lived advance, it probably represents a turning point (albeit unconfirmed til next day). If a doji occurs after a short advance, it probably represents a pause for refreshment.
Yesterday's doji, coming after only two days of decline, was more likely a pause than a turn.
I brought that up because it seemed like a fellow short covered on the basis of the doji forming. Had the stock been down 5 days in a roww, I would have expected a strong day or two. But coming so soon in the decline, I thought it would only represent a pause.
Tomorrow's action? Much like todays, proably a little sharper. Unfortunatley, I'll miss the opening, but I'm holding for 51~ anyway, so I don't care if we get a little intraday rally.
BTW: The 51 seems more and more likely, doesn't it? I have a much lower target for the stock, but I do expect a bounce off the recent low, so will proably play it.
SHORTY SEZ: Tomorrow the stock might not go up, but the PE ratio won't either. Looking forward to our PE ratio update.
BTW: whoever it was that dragged me back from the HI board, thanks for reminding me of my duties here. I did short 2k more upon my re-arrival, so I owe you one.