Market Sense and Sentiment

[bbgold]

Morning Alan,
That is Bernard's call in the morning and it is most always accurate. He did not mention it specifically but I interpreted his Trendwatch phrasing The testing signal suggests that we should sell every rally and hold on to it. as a fade the gap signal. That along with the market having a spike high (topping tail) outside the Bollinger band is how I interpreted Bernard calling a 'fade the gap' trade. Now we might execute the trade to the long side, using the bottoming tail outside the Bollinger band, and use the Low Support as a stop limit. Will need to be careful how the Market reacts to the 100/320SMA though. Anyway, I just go by what Bernard has for a call in the Trendwatch or morning call as to whether to fade the gap. I am not sure of all the variables he takes into consideration but his calls usually Work.
Good Luck Alan! :^)