MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 25 4:00 PM EST

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To: No Mo Mo who wrote (48038)	4/25/2000 3:38:00 PM
From: HairBall	Read Replies (3) of 99985

No Mo Mo: Seems MDD'ers have already answered your questions. I will give a short explanation. Island reversals or inverted island reversals can be identified when a section of price action is isolated buy opposing gaps on either side of the price action. These most often occur at the end of a rally or decline. In the case of a rally, a gap up occurs followed by consolidating price action then isolated by a gap down. Neither gap is filled and the price action continues in the direction of the second gap confirming a reversal. Just the opposite occurs in a decline. What we may be seeing today. Of course the gaps can eventually be filled depending on the overall trend. Regards, LG

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