Well, a gap down followed by a gap up that doesn't get filled is an island reversal, also usually signaling a bottom. Hopefully this morning's upgap does't get filled.
To call the best day in DOW history on a couple days before it happens is just pure amazing. Major props to you. Congrats on such a good call.
Some people will say it was a lucky guess. Some people will say it was a statistical fluke. I say, given that you cited excellent reasoning for the basis of your call, that it was an amazing call. Not only did it happen, but I believe it happened for the reasons you stated it would.
guys, thank you for your kind words! i put myself in the blind squirrel category. but i did act upon my prediction. last week i have accumulated long positions that were underwater, but i did not sell them on friday expecting the rally to continue. i had ~1X account long going into the weekend (usually i am 100% out MOC). monday was easy trading because i entered a ton of OPG shorts against my long position, then covered shorts (financials were great shorts) and kept selling and hedging my longs as the market kept moving higher. i only was moderately net long when the second leg of the rally started but it was a very good day for me overall.
another Friday and another HOLLOW RED candle on all major indexes. could we have another White Monday? Is it really possible?