New posts

Reply to thread

Message

SPI..

Below is the SPI chart, I’ve circled lower opens and gap rallies
and Gap sells in the market based on the open of the trading
day, and the Primary Range alignment.

Right at the bottom of today I have a gap rally??? It doesn’t
show on the Chart, but let’s look at the R87.

Each rally or reversal in the market was followed with a
‘Gap’ in the Primary Range.

The down move from this week (6004) there were no gaps in
the market, each day open rallied 44-49 points reversed and took
out each R87 low resulting in trending down days following
the weekly pattern lower.

Even though there were gaps in the Day session, there were no
gaps on the R87 until right at today’s bottom…

So what happens today, they close the market down for 1.5
hours, open the market on a lower gap, and we have a Gap
rally!!!

Once it moved back above 5553 and took out the ‘Hook’ the
market went like a rocket and never looked back.

I would like to see the market settle around 5650 before the
next swing upwards.

Frank Dilernia

Market Dynamic Model The DILERNIA model ©

OTD Open Trading Dynamics © Frank Dilernia 2003-2007

<blockquote data-quote="Frank D" data-source="post: 192287" data-attributes="member: 4896">SPI..Below is the SPI chart, I’ve circled lower opens and gap rallies and Gap sells in the market based on the open of the trading day, and the Primary Range alignment.Right at the bottom of today I have a gap rally???&nbsp; It doesn’t show on the Chart, but let’s look at the R87.<img src="http://datafeeds.com.au/SPI168.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />Each rally or reversal in the market was followed with a ‘Gap’ in the Primary Range.The down move from this week (6004) there were no gaps in the market, each day open rallied 44-49 points reversed and took&nbsp;out each R87 low resulting in trending down days following the weekly pattern lower.&nbsp;Even though there were gaps in the Day session, there were no gaps on the R87 until right at today’s bottom…&nbsp;<img src="http://datafeeds.com.au/SPI1681.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />So what happens today, they close the market down for 1.5 hours, open the market on a lower gap, and we have a Gap rally!!!Once it moved back above 5553 and took out the ‘Hook’ the&nbsp;market went like a rocket and never looked back.I would like to see the market settle around 5650 before the&nbsp;next swing upwards.Frank Dilernia &nbsp; &nbsp;Market Dynamic Model&nbsp;&nbsp; The DILERNIA model&nbsp;&nbsp; ©&nbsp; OTD Open Trading Dynamics&nbsp; © Frank Dilernia 2003-2007</blockquote>

[QUOTE="Frank D, post: 192287, member: 4896"] [b]SPI..[/b] Below is the SPI chart, I’ve circled lower opens and gap rallies and Gap sells in the market based on the open of the trading day, and the Primary Range alignment. Right at the bottom of today I have a gap rally??? It doesn’t show on the Chart, but let’s look at the R87. [img]http://datafeeds.com.au/SPI168.gif[/img] Each rally or reversal in the market was followed with a ‘Gap’ in the Primary Range. The down move from this week (6004) there were no gaps in the market, each day open rallied 44-49 points reversed and took out each R87 low resulting in trending down days following the weekly pattern lower. Even though there were gaps in the Day session, there were no gaps on the R87 until right at today’s bottom… [img]http://datafeeds.com.au/SPI1681.gif[/img] [b]So what happens today, they close the market down for 1.5 hours, open the market on a lower gap, and we have a Gap rally!!![/b] Once it moved back above 5553 and took out the ‘Hook’ the market went like a rocket and never looked back. I would like to see the market settle around 5650 before the next swing upwards. [b]Frank Dilernia [/b] [b]Market Dynamic Model The DILERNIA model © OTD Open Trading Dynamics © Frank Dilernia 2003-2007[/b] [/QUOTE]

Verification