7.27.2006

MORNING GAP


The markets are set to gap up and according to the book, a gap fill is a high probability (82%) on Thursdays.

The Pivot Point today is 126.8 on the SPY and first resistance is 127.5, so watch those areas for clues of direction along with internals and the greatest tell of all of late, the oils.

The violence in the Middle East and Iraq seems to be getting worse but the markets and media seem to be putting it on the back burner. Just wondering if there is something that may put it on the front page? And is Condi in trouble?

3 Comments:

Anonymous Anonymous said...

Thanks for the heads up the % change of a gap fill. I rented OIH this morning and walked away with a few bucks.

10:42 AM  
Anonymous Anonymous said...

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4:09 AM  
Anonymous Anonymous said...

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6:42 AM  

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