Red

Thanks for laying it out in layman's terms 🙂

the direction of the index gap is what is important, you'll find a high correlation between the direction of a significant index gap and resulting daily close

Looks like in most of those gap cases, we rallied higher (minus about 3 of them)

significant $SPX index gap @ the open
past days with significant index gap:
3/5/2010
2/16/10
1/12/10
12/21/09
12/17/09
12/10/09
12/01/09
11/27/09
11/11/09
11/06/09
10/14/09
10/08/09

for those looking for ***the top*** then yes those numbers on the $RUT & XLF and a couple of other setups have to be fullfilled

Thanks so much.

And what does that gap suggest? Sundancer, do you think we have to get to your top numbers on $RUT and XLF before we can really head downwards?

They are called pivot points. Also Persons points.

If your software doesn't have them, you can go to http://www.nationalfutures.com/pivotcalculator.htm
enter yesterdays high,low & close and get them.

for those with eagle eye's will notice a significant index gap on the $SPX this morning

Ok then… here's some good news! Obama, Bernanke and Geithner just turned themselves in, and admitted that they are crooked and were stealing that Tax Payer's money!

Here's the bad news… the market rallies to all time highs! LOL.

Earl, how do I pull up pivots on a chart?