actual contract bids, page-51

It's called a shooting star only if it follows a period of rising prices (which is this case for PET). Normally it suggests a reversal of sentiment or strong profit taking on expectations that the stock has run too far and should correct. No chart indicator is 100% accurate and in this case I think it is not going to be a reliable indicator. We saw some profit taking which resulted in that shooting star candle but not enough follow through selling and an easy rebound to close on its highest closing price for the week. This looks very strong still suggesting much higher prices. I could be wrong and the follow through selling comes a bit delayed but that's not the way it normally works. Once traders think the party is over they bail fast and the corrections are usually sharp.