Posted by panaspor on 18th of May 2010 at 10:50 am
It is confusing. I've really only been in to analysis for
about a year. I am now beginning to think that sticks and
patterns are important but not important some other times.
Today on the spx daily, the 20dma crossed below the 50dma. I
think this is more important than any dragonfly
doji. This will more than likely set up the right
shoulder and we could test the Feb lows. Just my opinion.
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Agreed
Candle tails/wicks..how to consider them
Posted by panaspor on 18th of May 2010 at 10:50 am
It is confusing. I've really only been in to analysis for about a year. I am now beginning to think that sticks and patterns are important but not important some other times. Today on the spx daily, the 20dma crossed below the 50dma. I think this is more important than any dragonfly doji. This will more than likely set up the right shoulder and we could test the Feb lows. Just my opinion.