ES Journal - 2012

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Quote from Pekelo:

The 2nd gap rule still applied today and we just closed the gap...
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why do you say that? On ESZ2. there was no gap yesterday compared to day before yesterday 4pm EST close. Are you counting today's gap and the gap from day before yesterday and counting them as 2nd gap?

Edit: Day before 4pm close: 90.75
Yesterday open: 90.25
So, yesterday gap was only 0.25 points and if I know correctly you count a gap only when the gap is at least 1 point.
 
Quote from gmst:

why do you say that?
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Because the 3rd day still counts. So it was the 2nd gap to Tuesday's close 1st gap, not yesterdays. But as we go farer away in time from the first gap, the probability of the 2nd gap closing goes down...

Still, on the 3rd day it is pretty high...
 
Quote from Pekelo:

Because the 3rd day still counts. So it was the 2nd gap to Tuesday's close 1st gap, not yesterdays. But as we go farer away in time from the first gap, the probability of the 2nd gap closing goes down...

Still, on the 3rd day it is pretty high...
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Cool, thanks for the explanation :)

In the original 2nd gap thread, this thing was not written. So thanks for clarifying it for me.
 
Quote from startraitor:

Closing over 1400 today after Obama talks.
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Can I have what your smoking. European turmoil.. Austerity measures for USA.

Perfect storm.. You think anyone wants to be long over weekend. When weekend crowd digests the possibilities.

Nothing against you.
 
I just read the tea leaves. Ok, maybe I do smoke them first. This is unfolding for a push for new highs.


Quote from Spectre2007:

Can I have what your smoking. European turmoil.. Austerity measures for USA.

Perfect storm.. You think anyone wants to be long over weekend. When weekend crowd digests the possibilities.

Nothing against you.
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