Don't Ignore This Chart!

Doji signals indecision for DIA


The Dow Industrials SPDR(DIA) signaled indecision on Wednesday with a small doji. Wednesday marks the fourth straight close in the 108-109 area. Doji can sometimes foreshadow a reversal, such as in early August. Alternatively, doji can simply mark a rest in the uptrend, such as mid September.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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