Hello all,
Note: The Blue Basketballs show where the GAPS are.
Today's idea is on GAPS......NOT in the traditional overnight or Monday GAPS but GAPS "against" median lines/parallel lines/Up Trend Lines/Down Trend Lines/Center line's,A/R lines etc. If you look at the purple rectangles on the charts they where all pre-empted by GAPS to one or more of Andrews lines and in many cases there where multiple gaps clustering before the move. The idea is that the Bulls or Bears have exhausted their attempts to reach the Andrews Line and a BIG move in the opposite direction is imminent. Keep this little GEM in your trading tool box.
Sincerely,
TIK
Note: The Blue Basketballs show where the GAPS are.
Today's idea is on GAPS......NOT in the traditional overnight or Monday GAPS but GAPS "against" median lines/parallel lines/Up Trend Lines/Down Trend Lines/Center line's,A/R lines etc. If you look at the purple rectangles on the charts they where all pre-empted by GAPS to one or more of Andrews lines and in many cases there where multiple gaps clustering before the move. The idea is that the Bulls or Bears have exhausted their attempts to reach the Andrews Line and a BIG move in the opposite direction is imminent. Keep this little GEM in your trading tool box.
Sincerely,
TIK