The "ball" is a gap fader. And it is a little late today: retest of morning high came first, and THEN the attempt, ongoing, to try to fill the gap.
what is the difference in non linear going long and it going against him, then you saying fade the rally, we are up 105 on the dow.
GAP THEORY IS CRAP THEORY. EVERYONE WHO HAS EVER READ A BOOK ON TRADING USES IT. IN TRADING IF IT'S IN A MASS PRODUCED BOOK ,IT'S USELESS. Rennick out
MON. 1/14 1:10 pm Dow +116 The mighty "Ball" which advised to sell the morning strength has now turned NEUTRAL calling for FLAT Market action for the afternoon session. Expect the averages to roughly maintain current levels into the close. Rennick out
bear trap? no break through ystdy highs, it's no bull...yet... ...doji on 3omin;` <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1748004>
yeah we are pretty much just gonna hover around until tomorrow. the inflation data and retail sales (mainly inflation) is what everyone is waiting on. outside of major news i can't see much stuff moving.
Take a close look at Bit's chart. I'll be damned if those trendlines ain't an image of Marilynn Monroes lips. She's trying to communicate with us fellas!:eek: