It's the flash crash low on the NDX, and it hasn't put in a double bottom yet.
Red – why is 41.55 so important ?
On what chart? Do you have a link?
Bear flag pointing at 970, if that's any consolation.
Those are not factors in the models I use. I do not have information regarding their value.
Carl at day’s end:
1075-1100 estimate for today (25 points) 1082.50–1103 actual range today (20.50 points )Market was 3-7 points above Carl’s range.
For the past 10 days, average actual range is 27.0 pointsFor the past 6 days, the over night range has averaged 25.9 points.
Trades: No Trades Grade: C (lost no money)
In the past 10 trading days, Carl has taken just one trade, a loss of 7.25 points.
When they decide to squeeze… bulls or bears, neither is usually given a chance to get out. The question now is… are there still more bears to squeeze, or do they want to squeeze out the new bulls from today?
agree, but this gap down one day then gap up the next – is very concerning.
That low was tagged by some indexes but not others. There is no requirement that every index must tag its last low.
the size of the gap up messed with my head. thought we would drop back down to set a higher low
It's the flash crash low on the NDX, and it hasn't put in a double bottom yet.
Red – why is 41.55 so important ?
On what chart? Do you have a link?
Bear flag pointing at 970, if that's any consolation.
Those are not factors in the models I use. I do not have information regarding their value.
Carl at day’s end:
1075-1100 estimate for today (25 points)
1082.50–1103 actual range today (20.50 points )
Market was 3-7 points above Carl’s range.
For the past 10 days, average actual range is 27.0 points
For the past 6 days, the over night range has averaged 25.9 points.
Trades: No Trades
Grade: C (lost no money)
In the past 10 trading days, Carl has taken just one trade, a loss of 7.25 points.
When they decide to squeeze… bulls or bears, neither is usually given a chance to get out. The question now is… are there still more bears to squeeze, or do they want to squeeze out the new bulls from today?
agree, but this gap down one day then gap up the next – is very concerning.
That low was tagged by some indexes but not others. There is no requirement that every index must tag its last low.
the size of the gap up messed with my head. thought we would drop back down to set a higher low