Wednesday, September 7, 2011

What Yesterday's Partial Gap Fill Suggested

The market is gapping up large this morning so I feel a little silly discussing how yesterday's action suggests good things for the next few days.  Still, I did not note anything bearish  about yesterday so I thought I would show one of the studies that I found compelling that appeared in the Quantifinder as we approached the close.

There have typically been 1-2 days of buying following such setups.  It will be interesting to see if the upside edge exhausts itself early here or whether bulls can follow through and add to this mornings gains over the next day or so.

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