Replies to post #67923 on ETF SWING & DAY TRADING

[Duma]

I think shorts will be very disappointed today. Looks like a gap and go day. I think I can also go do something else and just let it all ride.

[CITYHAWK]

hi j

this is great thanks
makes a lot of sense.

will be keeping this along side my computer.

[Duma]

Not sure I understand the meaning of "If gap filled and does not get to unchanged rally later. Could you explain what get to unchanged means.

[Duma]

I found his blog. Boy he has a strange way of writing. I am missing something there. Never heard the phrase "unchanged" used before in this way. Got to think about it.

He must be a day trader. I just love his comment from today's blog, "The biggest issue we have been dealing with is no completion to the current long-term rally." Of course I feel totally different about the situation.

[Duma]

Here is Dalton's definition of "unchanged".
http://jamesdaltontrading.com/blog/glossary/

Unchanged: Is simply the close, or settle, for the prior pit session. It is an important day timeframe reference.

In other words the close of the prior day/session.

So if I take the statement
"If gap filled and does not get to unchanged rally later"

and change "unchanged" to yesterday's close, the statement makes no sense. If the gap gets filled by definition it reached yesterday's close.

"If gap filled and does not get to yesterday's close rally later"

Must be more to it with the shadow trading stuff. I give up. Enough time wasted.