ES Journal Archive (2009 - 2010)

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Quote from tortoise:

is this two open gaps in a row ... down?:eek:

Nope, because we closed the gap yesterday. (1 point is NOT a gap) We also closed the upgap from 3 days ago, and I mentioned that 1 point is not a gap.

Now at this moment there is an island reversal on the daily, the Thursday upgap and today's downgap making it, so one could argue that might signal some short of top, assuming we don't close today's gap. Although island reversals usually happen at the very top or bottom, and it isn't the very top....
 
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