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  • TLT GRAVESTONE DOJI 0 comments
    Aug 24, 2010 8:53 PM | about stocks: TLT

    TLT created a GRAVESTONE DOJI today on the hourly chart. This is my favorite candlestick. I remember one time I told a guy I worked with that one of his stocks that he was trading created a gravestone doji. He asked, "Is that good or bad?"

    Hmmmmm?  GRAVESTONE? Sounds really positive. Just like the Death cross. Or like when someone says "they killed the market today." Market crash. The market fell out of bed. All good.

    It means the bears took control. This is a short term indicator.  This one is also on an hourly chart, so it carries less weight. If TLT goes above the top of the GRAVESTONE and you are short you are going to have to use other techniques to decide to cover or not.

    Click on chart to enlarge



    Stocks: TLT
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