Get along little doji

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PxPEnPassant

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Get along little doji

posted on Dec 02, 2008 08:47PM

Loving the dragonfly doji today. Sign of strength as the trend resembles a reversal and the beginning stages of a possible congestion formation. Looking at a 3 year chart, it's easy to identify the congestion patterns and near break-outs (every 3-5 month cycles). There's been one true break out since the run to $2.25 (Nov/Dec 07) but was unsustainable for reasons we all know. This so appears to be another cycle beginning to form.

Accumulation/Distribution trend is indicating a not so insignificant degree of positive divergence with the overall downtrend which did not occur in previous cycles to the best of my recollection. I like it.

This cycle may be 'the one' to get the sp headed in a sustainable north direction.