Seeing a lot of gap downs today in Resources. Eg BHP low yesterday was 36.54 today high 35.06; RIO yesterday low 124.50 and 121.49 high today - big 3-4% gaps and both now at their bottom daily BBs.
Suggests to me strongly that either we have had the bottom (and we then get a Dow consolidation/up tonight to maybe retest 55 DMA) or perhaps more likely Dow falls away sharply next 2 days to bottom and we then get big sharp falls on Tuesday to hit 50 fib retrace of the bull market then reversal Wednesday.
ladder removal thursday, page-26
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