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Thursday, October 22, 2009

Long-Legged Doji Pattern


Hello again,

What was supposed to be a "Hanging Man", in the end turn up o be a "Long-legged doji"


The Japanese say that whenever a Doji appears, always take notice. A well-founded rule of Candlestick followers is that when a Doji appears at the top of a trend, in an overbought area, sell immediately. Conversely, a Doji seen at the bottom of an extended downtrend requires buying signals the next day to confirm the reversal. Otherwise, the weight of the market could take the trend lower.

So again I bid you good luck !!!

"People who buy headlines eventually end up selling newspaper."

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