$Stock*Shop*Charts*News*Option$

[DiscoverGold]

• • Defining GAPS
By: Marty Armstrong | January 18, 2019

What we have going on in the Dow is a classic example that the Reversal System is great at - showing the gaps in markets. I explained that the Daily Bullish in the Dow was at 24089 but there was a GAP up to the first Weekly at the 25004 level. This is what happens when there are no reversals in an area going up or down. I look for the GAPS for big moves.


ONLY a closing today ABOVE the Weekly Bullish would indicate follow-through to the upside. Otherwise, I would take profit against the Weekly Reversal, flip and place the stop just about the high achieved. It either works or it fails but the risk is low. Yes it can fail. But you do not lose the farm.

Remember that timing is the MOST IMPORTANT. We are closing in on a Directional Change.

• DiscoverGold

Click on "In reply to", for Authors past commentaries