Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Did you see that beautiful dragonfly?

That’s the dragonfly doji candlestick chart pattern I’m referring to in the SPY daily chart.

See the SPY daily chart below:


Here is the description of the Dragonfly Doji chart pattern:

Dragonfly Doji

The Dragonfly Doji is a significant bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.

Per this positive price action coming to the end of today, I bought back most of what I sold in the morning plus some.  I was able to buy DDD & SSYS as a discounted price.

I do not know how the fiscal cliff resolution will turn out this weekend but price action is telling me the bull is putting up a good fight against the bear today.

Trade well!

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