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no idea up or down here although chances are the pullback might be over. the reason i don't know up or down here is i'm not sure if there's a higher low or not before go further up.
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it's morning hourly filled black bar. implication is on the top left of the chart.
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Once again the Hong Kong crowd said up, Tokyo went along and the London/Frankfurt traders joined the parade for what is now seen as a very weak high that, once again, was totally reversed in less than an hour of normal volume trading. Only question now is, as Fehro said, how much of the late day rally will be reversed as well. Clearly the big boys are clueless about what a fair price should be because they have no well defined buy/sell points.
fehro wrote:2018 the year of the gap mind the gap again
Have you ever looked at the annual gap?
ditto quarterly, monthly, weekly?
could be interesting.....
no.. but can say.. ever since the weekly options went Wed gaps increased….. then Mon options added to the weekly chop… the grind up in the fall was far less gappy
the addition of the Mon/Wed options.. "feels' like they push the market up and down in a more choppy fashion to decay them.. it "seems"
This recent action.. of 10+ point gaps.. is very unusual…. starting in Feb… so .. maybe the tide is turning.. into a bear market ?
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