doji

n. a stock-trading session in which the opening and closing prices are (nearly) the same. Subjects: Japanese, Money & Finance, Jargon

Editorial Note: The plural is also doji. Etymological Note: From the Japanese doji どじ ‘a blunder; a blunderer; a fool or foolish thing.’

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Citations: 1993 David Toole Toronto Star (Can.) (Mar. 21) “Technical analysis within reach of average investor” p. H3: In no time you’ll be looking at your candlestick charts (which are based on an ancient Japanese system developed to analyze rice contracts) and looking for exotic price patterns like “morning star,” “dark cloud cover” and “dragon-fly doji.” 1994 Nigel Cope The Independent (London, Eng.) (Jan. 4) “Pembroke: Careless underground leak blows Murdoch’s cover”: Instead, it concerns an arcane 17th century Japanese method of mastering the markets via a system of “harmi line patterns,” “doji line candles” and “dark cloud corners.” 2004 Rick Pendergraft Schaeffer’s Research (Dec. 6) “Shooting Stars are not Always Lucky”: When a stock’s opening price and closing price are virtually the same, it is called a “doji” in candlestick parlance. The third stock formed what is known as a “gravestone doji,” which is a type of shooting star.

Posted 7 Dec 04 | Permalink | Tell a Friend