Stock trading

NOTE: the stock chart shown is called a Japanese candlestick chart. A solid candle shows that the mark closed LOWER than it opened. This is a bearish indicator. A candle that is hollow shows that the market closed higher than it opened. Above is a chart of the DOW as of Feb. 17th.

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As you can see in November the DOW fell to the 2008 low and then started to climb. Early in 2009, the market started to push up even more and then slipped back, but then stopped at the November low. Although nobody knows the future, I think the DOW will hold at the November low.

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2/18/09 After falling to the November low on 2/17/09, the DOW continued to hold that low the next trading day. The candle pattern is called a "DOJI" which indicates market indecision and a possible sign of reversal, especially when it appears at support level, such as the November low. We will see, but I continue to think that the market will hold and soon turn upward. So far none of the major market averages have violated the November lows.