RTH only oscillators are all messed up due to the huge gap ... Not sure if size players still consider this as a "pull back".
yeah ive noticed that about the intraday charts and gaps and periods of extended drifting. i guess we will see what happens next.......3:45pm - 4:00pm close. :eek:
What do we get after a huge rally? Consolidation. Since Tuesday's rally was one of the biggest EVER, it is only natural to have at least 2 days of sideways. Interestingly, if you look at the daily chart, right now we have 2 dojis present after the big up on Tuesday.
Seems like someone lost a lot on their long position yesterday ... Somehow, they average down enough to get out at the current price level. Edit: Once they are done, there will be no more sellers
As I said, we have a replay of Tuesday. Only difference is that the gapclose took an hour longer, thus today's ADU goes by Central time! If you move today's chart to the left by 1 hour but leave the time the same, you get the perfect ADU timeline...