The tug-o-war between the bears & bulls continued today. For the second day in a row their were a lot of hanging man patterns made. That’s a bearish pattern that needs confirmation before being acted upon (shorting). As we saw today, jumping in short based on yesterday’s unconfirmed hanging man was a bad idea. But the pattern does indicate that the market is susceptible to a quick break. The market’s basically just been on pause since Monday, apparently waiting for tomorrow’s unemployment report. If the report is seen as good by the market it just may take us to NASDAQ 2,000 which I’ve been anticipating for a little while now. There’s really not much to do but wait & see how that report is greeted by the market. I’m already sick of looking at the stocks I’m holding so I may be selling tomorrow no matter what the report says… preferably with a smile on my face. 
Michael,
The market feels heavy to me as well. My breadth indicator tells me that market internals have weakend. If it does not improve tomarrow, I may be taking some profits as well.
Thanks for keeping us up2date and posting candlestick patterns. I find candlesticks to bve very usefull.
Paul @ jchart.com