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Quick questions: How many open gaps are there below the current levels? How many above us (till 950 let's say)?

The last one I got was yesterday's

Thursday I believe, sometime between 9:00 and 11:00 the June contract's volume will be greater than the march. That's when I switch

I'm not exactly sure I fully understand the rule, but if they pull that out, it seems that a huge bubble would inflate and pop in a way to make this current crisis look like a prank in comparison.

Well, if we keep dropping, we can't go lower than 0. In that sense, I don't see why bears wouldn't like some rallies either. The sky's the limit. In other news, the metastock recommendation is broken :eek: Currently underwater, but I'm swinging it. That being said, didn't expect us to...

Ahh thanks for the info. I know about the 2 other theories, and they're great! Those and Pekelo's rules are the best! Now to learn to find lions...

Google returned crap. Have a link?

Ah sorry misunderstood. Thought we'd break to 46, then some big guy will make a big breakout. Didn't understand that you were talking about the same move.

Why 46? And you expect the breakout to be up or down? By Pekelo's SDD standard, tomorrow 10am should be higher...

Wow didn't we just cancel yesterday? And what happened to T-Day? :P

Didn't the signal you follow go long yesterday though? 850 is holding well... till 2:15?

Gap as in hole between open and close on the cash index (since Pekelo says that's what counts) Range as in the prices of the close and open defining the unfilled gap. I guess the ES equivalent is roughly 3.25 pts below the cash right now? BTW thanks for your help :)

For the 2 closest gaps, it was 825-839.25, and 930-944 or something like that right?

Can anyone post the ranges of the gaps below and above? I have a hard time finding them (still don't know how to set my charts to RTH only)

That's a contrarian indicator right?

What price would that be? Btw, assuming we retrace back up (tomorrow's T-Day), how high can we go without breaking that island formation? It would be a rather bullish sign if that island is closed no?

Haha, I had the same mindset: "I am short this damn market! What? Blackguard is short? Damn, what have I done!" I still think we're going lower in the near term, but these 2 last days sure worked with my nerves...

Aside from the low volume issue, I don't see any decent resistance before 1005 on the cash, even 1050 if the mid-Nov drop is the head of an ISH. Hmmm, this might not be good for my short position... Which side would you be holding? Short? It's still in the range currently no? (I'm...

Hedging? Or are they setting up hedges? Is this the Obama Rally? I switched to SDS after I closed my ES. In the red :(, but less critically so. At least my longer-term account and RRSP (Canada's 401k) are doing better. But man, today's action feels unreal...

Uncle! -7 :(