After a four day surge that carried the Dow Industrials SPDR (DIA) above 129, the ETF formed a doji to signal indecision on Thursday. Also notice that DIA formed indecisive candlesticks at the prior two peaks. A gap down and long black candlestick on Friday would form a rare evening doji star.
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Hi Arthur,
It's something I noticed on Thursday evening as well and it provided a prescient warning to Friday's events in Spain during the European trading session.
Cheers!
Posted by: Tom | July 21, 2012 at 12:54 AM