One of the most interesting opens in a while.
Gap in futures, gap in price held to open in narrow range.. then open and practically zero reaction.
Is this bullish or bearish?
what do you make of the open?
Started by
dcengr
, Jul 25 2011 08:42 AM
2 replies to this topic
#1
dcengr
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Posted 25 July 2011 - 08:42 AM
Qui custodiet ipsos custodes?
#2
qqqqtrdr
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Posted 25 July 2011 - 08:51 AM
One of the most interesting opens in a while.
Gap in futures, gap in price held to open in narrow range.. then open and practically zero reaction.
Is this bullish or bearish?
This is neither bullish or bearish.... A GAP ultimately needs to at least back test... We need to see if what happens tomorrow ( on the daily ) or the next hour on the hourly for Candlestick directional to appear. So far earnings have been positive, so I expect as earnings continue we should find more stability...
Barry
#3
dcengr
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- Traders-Talk User
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Posted 25 July 2011 - 09:07 AM
One of the most interesting opens in a while.
Gap in futures, gap in price held to open in narrow range.. then open and practically zero reaction.
Is this bullish or bearish?
This is neither bullish or bearish.... A GAP ultimately needs to at least back test... We need to see if what happens tomorrow ( on the daily ) or the next hour on the hourly for Candlestick directional to appear. So far earnings have been positive, so I expect as earnings continue we should find more stability...
Barry
My thoughts are similar.. it's far more difficult for operators to move markets with earnings in the way.
Qui custodiet ipsos custodes?
