Monday, November 29, 2010

Late Day Reversals

Extremely confused market reverses?  All I know is Late day reversals above top of opening range are more significant than any other market action.

Late day moves above the opening range are rare but when they do happen you just need to buy and close your eyes as I did today.  What happens at this point in time?  It's basically kind of like being in a movie theater and all of a sudden there is a fire and everyone needs to get out.  The end of the day is more significant because you don't have alot of time to get out of harms way.  Shorts cover hard, experienced traders buy.  How long will this last, I would imagine strong follow through tomorrow as well.

Same thing with AAPL:


  1. Thanks for stopping by my blog...good luck with your new blog...looks like you've been reading or trading some of Fisher's ideas?...


  2. Thanks Chris, you are the first person to comment on my 'work' which is really quite a pleasure. I will have to check out your blog more in depth. Fisher's ideas are fantastic. Although I don't use all of them I sure use the key points.