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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST
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To: HairBall who wrote (48236)4/26/2000 5:55:00 PM
From: el paradisio  Read Replies (1) of 99985
 
LG,but that fourth can go in either direction.
As an example of such "price action isolation ",take a chart of AMGN in the middle of 1993.Wery similar "THREE"
with one exception,the last third had a closing down and the next day,did open much below forming the forth gap.
In our situation,the THIRD one is pointing up with a small leg down.Another words,we can open much higher ,with a small chance for a gap down,because of that last down leg.

Regards,
el paradisio
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