The reason why we closed yesterday (before the open) and today the overnight gap:
http://elitetrader.com/vb/showthread.php?s=&threadid=75045&highlight=Pekelos+2nd+gap+rule
" 2nd consecutive gaps in the same direction close on the same day pretty much all of the time."
http://elitetrader.com/vb/showthread.php?s=&threadid=75045&highlight=Pekelos+2nd+gap+rule
" 2nd consecutive gaps in the same direction close on the same day pretty much all of the time."

