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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (59060)7/29/2002 3:31:04 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
We may visit these gaps after the roll over, this rally seems way too strong to be a one day wonder.....BWDIK

GZ



To: William H Huebl who wrote (59060)7/29/2002 3:50:25 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Okay, I just took a close look at this morning's gap opening... we have a classic six day island reversal... these previous six days are set off by a gap down and now a gap up... these previous six days will remain set apart from the rest of the chart by two permanent gaps, this is called a six day island reversal, very significant and indicates to me a meaningful rally is yet to come... the island reversal pattern becomes visible when you chart the SP's without using the overnight trading range...

GZ