DOW gap fill
Started by
andiron
, Nov 11 2009 08:34 AM
8 replies to this topic
#1
andiron
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Posted 11 November 2009 - 08:34 AM
while SPX has already filled the OCT08 gap..DOW is doing it now...
#2
goldswinger
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Posted 11 November 2009 - 09:01 AM
Very astute and interesting observation, that explains also why the money shifted towards the DOW, it needed to catch up. IMO it should make a brief spurt up this AM before it drops along with everything else.
GS.
#3
porsche911sg
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Posted 11 November 2009 - 09:07 AM
I am thinking along that line, Are you still hold your previous short position? I am currently short.Very astute and interesting observation, that explains also why the money shifted towards the DOW, it needed to catch up. IMO it should make a brief spurt up this AM before it drops along with everything else.
GS.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
andiron
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Posted 11 November 2009 - 09:09 AM
watching wallmart today as this could be bulls focus for breakout
#5
goldswinger
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Posted 11 November 2009 - 09:31 AM
I am thinking along that line, Are you still hold your previous short position? I am currently short.Very astute and interesting observation, that explains also why the money shifted towards the DOW, it needed to catch up. IMO it should make a brief spurt up this AM before it drops along with everything else.
GS.
I am still holding, just cannot believe what is going on. But as they say it is what it is. My thought Today is we get an up move after the open and tanking towards end of day. I've been sayng this forever it seems as buck waves keep subdividing down and down, but the last subdivision should lead to a spike down this AM followed by a bounce for good! This market is totally $USD driven.
http://quotes.ino.co...?s=NYBOT_DX&v=i
Edited by goldswinger, 11 November 2009 - 09:34 AM.
#6
porsche911sg
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Posted 11 November 2009 - 09:35 AM
GS, I am with you. If it does not end down today, I 'll probably hold till end of month. At most, I'll lost my entire position. which currently 20%I am thinking along that line, Are you still hold your previous short position? I am currently short.Very astute and interesting observation, that explains also why the money shifted towards the DOW, it needed to catch up. IMO it should make a brief spurt up this AM before it drops along with everything else.
GS.
I am still holding, just cannot believe what is going on. But as they say it is what it is. My thought Today is we get an up move after the open and tanking towards end of day. I've been sayng this forever it seems as buck waves keep subdividing down and down, but the last subdivision should lead to a spike down this AM followed by a bounce for good!
http://quotes.ino.co...?s=NYBOT_DX&v=i
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#7
mini-trader
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Posted 11 November 2009 - 11:25 AM
There is one more of those right up there at your MA and it happens to coincide with one on SPX. On ES it fills at 1202.25
It's the starting crash gap
"Bottoms come fast...Tops take forever"
#8
mini-trader
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Posted 11 November 2009 - 11:27 AM
"Bottoms come fast...Tops take forever"
#9
beahero
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Posted 11 November 2009 - 11:44 AM
I am thinking along that line, Are you still hold your previous short position? I am currently short.Very astute and interesting observation, that explains also why the money shifted towards the DOW, it needed to catch up. IMO it should make a brief spurt up this AM before it drops along with everything else.
GS.
I am still holding, just cannot believe what is going on. But as they say it is what it is. My thought Today is we get an up move after the open and tanking towards end of day. I've been sayng this forever it seems as buck waves keep subdividing down and down, but the last subdivision should lead to a spike down this AM followed by a bounce for good! This market is totally $USD driven.
Concur on all. Best.
