Close >= 377ma upper Bollinger band (2 deviations); and today's low >= 1.002 * yesterday's high.
All of the positives, other than today's, occured in 1999 (I went back as far as 1990). Here they are, all five of them from 1999. And by the way, today's gap up has the unique distinction of being the first and only to ever to gap over this particular fib number's upper Bollinger band.
The thing about it is that 1999 did not have the divergences preceding the gaps up that we have today. And so I wonder: which time frame has both more momentum and yet more caution? See for yourself.
Don't be misled by the candle sizes between the two identical-size charts below... that's roughly a 400% move shown compressed in the 1998-1999 chart, and there was more that's not shown. The entirety of the current year-long price move fits within the first three months of the 1998-1999 chart, with room to spare.
Last but not least, this would lack all impact without the correct selection of Hayrake mood music.
Are you comparing the 99 and 07 instances? Besides the gap up there is nothing else that is similar IMO....or i am entirely missing your point.
