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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (34577)9/12/2000 10:19:54 PM
From: Alski  Read Replies (2) of 57584
 
Rande,
Since you're so good at these things and seem to like it, maybe you would like to formalize or debunk this observation (if it hasn't already been).
It seems that when the NDX closes at or near the low of the day, inevitably there is a gap the next day; and just as inevitably the close is the opposite of the gap. Seems to be true the last 8 or 10 times anyway.
Strength at the open today after a close near the low yesterday was an "obvious" sell signal? Now if we can just get a gap down tomorrow....
FWIW...Alski
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