Massive Weekly Doji What Does It Mean?

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October 17, 2008

Typically a doji after a move can mark the end of a move. If you don’t believe me check out this site that dedicates a section to candlesticks.


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  • http://www.stockrake.com StockRake

    The small UWM position I bought today was sold @ 26.23 for a 1.9% gain. Keeping track “jag off”?

  • joe

    So are you saying this doji is the bottom of this current downturn? The candles I see with buy volume tells me we are rounding the bottom for at least a temporary uptrend (QLD, SSO). The 200MA has flattened as well.

    I've gone long based on my signals with QLD and OIH.

    Are you still holding drys, csiq?

    BTW, thanks for dedicating a post to me with “apathy.” Frankly, I only care about signals and at the time it looked very negative.

    What do you forsee in the upcoming days/week?

  • http://www.stockrake.com StockRake

    I think its the bottom for a bounce to happen. Not the ultimate bottom. The market needs to suck in some more people.

    I still have DRYS, CSIQ, and QLD.
    I'm down 9% on DRYS, 16% from that QLD buy, and CSIQ which is down 21% (such a small position though) I may DollarCostAverage that one.

    I think DRYS could get to 39, CSIQ to 15, and there are so many choices, I have to make another post of good cheap stocks. The market will neutralize a little bit, bring vol down, these cheap stocks will catch that bounce, and the selling will get back to a normal pace.

    Without divulging your signals, are they macd based by chance?

  • http://www.stockrake.com StockRake

    I think its the bottom for a bounce to happen. Not the ultimate bottom. The market needs to suck in some more people.

    I still have DRYS, CSIQ, and QLD.
    I'm down 9% on DRYS, 16% from that QLD buy, and CSIQ which is down 21% (such a small position though) I may DollarCostAverage that one.

    I think DRYS could get to 39, CSIQ to 15, and there are so many choices, I have to make another post of good cheap stocks. The market will neutralize a little bit, bring vol down, these cheap stocks will catch that bounce, and the selling will get back to a normal pace.

    Without divulging your signals, are they macd based by chance?