July 7, '04. Gap Close Reversal


Yesterday, after a gap down, the trend continued lower without ever closing that gap. Today on a gap down, the market reversed, closed the gap and continued higher. But how would you know? The clue today was the Range High/Low Opening Signal occurring in the Nasdaq futures contract. The trade was good for 8 pts in the NQ with the Work-Done exit signal occuring at the Overnight High. Learn to recognize and use these powerful entry and exit signals in the training course Pivots, Patterns and Self Recognition.(click image to enlarge)