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Trading is a probabalistic game. Given the recent steep decline, I am
inclined to say the second doji is confirming the end of a downtrend and
that we are due for a short term bounce. With that said, the Nasdaq has
recently had difficulty mounting anything more than a two day rally,
newsletter writers are extremely bullish (55.1%) and I think the probability
of a short term rally is only somewhat better than a coin toss. The high
level of bullish newsletter writers makes me think a significant longer term
rally is unlikely without a test of the lows and probably new lows on the
Nasdaq.
Dan
>From: "jhmtn" <jhmtn@xxxxxxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: Re: NAZ
>Date: Fri, 1 Dec 2000 16:43:15 -0800
>
>Time to learn how to day-trade?
>(A lot of indecision in the market.)
>Enjoy ! ................ John
>
>----- Original Message -----
>From: "Michel Guibert" <mguibert@xxxxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: Friday, December 01, 2000 2:32 PM
>Subject: NAZ
>
>
> > Yesterday we finished with a Doji, today friday a Doji again
> > How can we interpret that ?
> >
> >
> >
>
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