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SPDR Dow Jones Industrial Average ETF Message Board

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  • harrywanger harrywanger Oct 30, 2008 6:17 PM Flag

    Lot of somber shorts/bears here today

    You seem to be reading your candlesticks incorrectly. The market should not have gapped down today and your doji is more bullish than bearish. That formation would be a for sure short if it were at the top of a run. It's not. It's at the bottom of a bear run. Those formations tend to work opposite as they would at the top. So your analysis of this doji being bearish is not correct in this instance.

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