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The MIT Experiment - Day 6


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SPY 60 minute

 

Sorry, u will have to convert to SPX. (big deal).

 

Large magenta dot was pivot high at 85.80, and also marked a major cycle top (spike looking thing with vertical red line). Top of this descending filtered wave is 85.61. These are the numbers to watch. All other cycle marking since the 85.80 pivot high have been "interemediate" in definition.

post-3-1046208204.gif

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This TA thread ROCKS!

 

What is a doji, I see this a lot here but have never come across it defined.

 

About the Doji

 

candle2-doji1.gif

 

Also:

 

Jack Be Nimble, Jack Be Quick, Jack Uses Candlesticks

By Rick Pendergraft ([email protected])

2/24/2003 3:09 PM ET

 

As the market gets jerked around like a rag doll, I've been looking for advantages anywhere I can find them. Something I've paid more attention to recently are candlesticks. Although I've viewed my charts in candlestick format for quite sometime, I haven't necessarily traded the patterns that are familiar to candlestick enthusiasts. I'm talking about patterns with names like Shooting Star, Hammer, and Doji. ..

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