Amazing correlation...
Gap on 27 Oct 2006 was 7 points...with a spinning top day following a long white candle.
Gap on 02 April (today) was also 7 points...and once again with a spinning top day following a long white candle.
The significance for me are the driving forces for sentiment, which are virtually identical on each occassion.
The big difference however are volumes traded, with current levels a mere fraction of the 23m and 32m days we saw last time...further, we have had more gas found since then.
Interestingly, the day after the first "spinning top" we got a pre-open trading halt, which lasted for one day and subsequent saw a spike the next trading session to $1.265.
The trading halt was regarding the high pressured gas hit in the Alkali Gulch memeber...since then we have also had the Pinkerton Trail hit, potentially even more significant.
How funny if history were to repeat and we got a trading halt pre-open tomorrow...lol...not expecting it myself, but you never know?
Cheers!
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