Text book scarry, long green candle, followed by a perfect DOJI Star. And its a weekly chart, man I am shaking in my boots. Maybe thats a long legged DOJI. I would be willing to bet, the forces that be will override that baby come monday. Good news is on the way just watch.
Is it vanilla-scented? Those "things" seem to occur at the top and bottom of the trend-channel. If you're "short", you should be concerned. We'll see what happens later.
I agree that the dailies imply some sort of stalling and temporary fall backward, but on a more positive note the Commercials had a shift to the long side (but are mostly still short on a percentage basis). Previously whenever the the headlines spoke of rate pauses the market rallied wildly like it did on January 3rd- We haven't seen that this time although the futures imply a pause. But if I were a diehard chartist ignoring events I'd say we're gonna stay in the channel at least a few more days- I'm short YM at the moment and hope to at least break even, had some running around to do - CBOT closed for a while- didn't place a limit order- missed a decent exit- chart looks toppy. Best of chance to all!
I hear they're from the Doji star. <a href="http://imageshack.us"><img src="http://img210.imageshack.us/img210/3191/martiansvf9.png" border="0" alt="Image Hosted by ImageShack.us" /></a>