Gravestone doji

Japanese candlestick analysis is but one of many methods to read the financial tea leaves as a manner of speaking.  Just noticed a gravestone doji pattern in both the stock market and the gold market.

What does it mean?  Nothing good, I don't think.  Doji patterns indicate indecision---the market doesn't know what it's direction is to be.  In this pattern, it starts and ends at about the same price, but has a rally intraday.  Clearly, the rally will not hold, so this is not good.

Here's today's chart, courtesy Yahoo.  Note the rally and the opening and closing prices.

The Japanese Candlestick pattern for this would look like a horizontal line connecting the open and close, with a line going up to the high.  It looks like a gravestone, hence gravestone doji.

The fundamentals behind all of this is the FED.  If the FED attempts to normalize interest rates, the party is over and a bear market should ensue.

We'll see.

Update:

The gravestone doji analysis just died big time. What can I say?  These things are not science.

Update:

There's a press release from the FED which suggests that normalization of interest rates won't be happening soon.  That's what probably moved the markets yesterday.  It only proves that the markets are addicted to easy money.  The easy money has to end sometime.  Evidently, not now.