Sorry, I got busy for a while in the peak oil thread. Luckily the camel doesn't use oil! So far it looks like an SDD... By the way on Wendesday we had a 2nd downgap in the morning (I missed it somehow) what was promptly closed in the next 2 hours. The first unfinished downgap is from Monday and today we still have a downgap, but as we get farer and farer from the original first gap, the rule is less and less reliable. Still I wouldn't be surprised if we ended the day in a rally...
With Bush coming out with a speech at 11:30am, odds of a SDD increase greatly. Will be glad when we won't have to hear him, Paulson and Benny speak anymore. Sick of their "good-for-nothing" speeches and BS.
While it's too early to jump to any conclusion, them delusional bulls are holding this market up pretty well. Low risk at 832-834? I would be a little concerned if it could even go up that much from here, considering that this market is supposed to be in coma by now. Good luck!
SDD = Step Down Day see Monday of this week for an example. Pekelo can give a more definitive explanation regarding time tendencies if he wishes. newbie