ES Journal Archive (2006 - 2008)

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This changed now?

Btw, valid for gap up and gap downs?
I believe in todays market are gap ups filled easier than before August 2007

Quote from Lawrence Chan:

Before 2007, most gaps that are not filled in the morning are not filled in the afternoon.
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Quote from Pholeuon:

This changed now?
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Since 07, there are quite a # of outlier cases that run straight up 20+ pts, not filling the upside gap, then later in the day, sell all the way back down to fill the gap. Those days usually form a spike and ledge by noon.

Today looks more like the classic ones - gap not filled, run up a little and then consolidate.

Since there is no big spike up, by going sideway, it will grind the momentum overbought condition to neutral by afternoon, giving the market more room to go up.
 
Quote from Pholeuon:

This changed now?

Btw, valid for gap up and gap downs?
I believe in todays market are gap ups filled easier than before August 2007
More...

Gap downs are different.

Many of them are filled by 3 pm all the time, for obvious reasons. :)
 
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