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Techamental Logic

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Techamental Logic

Re: JohnCM post# 12724

Monday, 11/03/2014 2:02:00 PM

Monday, November 03, 2014 2:02:00 PM

Post# of 63744
Perfect indeed! BAA opened at the critical .136 because the candle body gap began at .136 when BAA closed on 10/10/2014. Had BAA opened at .1362 or higher there would have still been a gap. From a technical standpoint BAA can move north "without regrets" so to speak.

I'm wary of an open tomorrow with a gap up. It could follow on the heels of a nice close. That could get many to jump in tomorrow only to see BAA tumble like it did on 2/4/2014. Not a big deal, something to watch out for. I love the way BAA opened this week.

BAA Long & Strong!
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