I am seeing a real mix of studies right now. The one below makes a short-term argument for the bears. It examines the unfilled gap pattern that emerged in the SPY on Friday. The study was last shown in the 10/28/11 subscriber letter. I ran it again this weekend.
The number of instances is a bit low, but the consistency is strong enough and the statistics lopsided enough that I think it is still worth taking the study under consideration.
1 comment:
Posted reversal candle on v weak volume. in most indexes near or touching upper bollinger which usually marks reversal. I went short right at close for 2-4 day trade
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