Your graph does however show several times when the DOW busts out on the low side - quite significantly too at times. I agree that in any event it is a sign of an over correction, it just seems to hurt more when it goes down. So sell into the rally on Monday with the expectation of correction or try to predict the chart movement. Did a bust on the downside signal a continued down or a reversal....can a bust on the up be read in the same way...? Good luck.
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