Wednesday, March 27, 2013

An Unusual And Potentially (Short-Term) Bearish Inside Day

Yesterday was interesting and unusual because it posted an unfilled gap up and a close above the open, but still finished as an inside day.  This triggered the below study in the Quantifinder.

Implications are somewhat bearish for a 1-day time frame.  I also discussed this setup in the subscriber letters over the weekend, because not only did it trigger yesterday, but also it triggered on Friday.

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