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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (43130)	1/4/2013 9:30:18 AM
From: Vendit™	1 Recommendation Read Replies (1) \| Respond to of 221972

Just a fast glance at the NASDAQ action from the past two days shows some interesting things that will more than likely hold true to all US indices. A huge gap up the day after the cliff deal was signed. Gap Theory states that “eventually” all gaps whether up or down will get filled. That means an 86.47 move back down on the NASDAQ and similar proportionate move in other indices at the same time. Gaps http://www.futuresmag.com/2008/11/17/gartleyrsquos-gap-theory-explained The same bearish evening star candle stick formed yesterday points to a lower move medium term. Two consecutive days closed above the upper Bollinger Band which is outside of the normal trading range so the NASDAQ must move lower back inside of the bands. While MACD momentum indicator show that momentum is mildly up, other shorter term indicators show this move is very near the top of this cycle up.