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5speed

10,741 Posts.

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04/06/18

14:21

Post #: 33477580
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Originally posted by 5speed ↑

So, using today as an example, gap up at 26... oh yeah, it's going down, people think. Green arrow says she's going up, which she did, for 35 points, taking out the 26 gap. Along the way, she leaves gaps below, coz SPI was following Europe/America/Canada, or whatever she was following. On Monday, I say, gaps down at blah blah blah, SPI opens, she reverts back to being an Aussie thing, takes out the gaps. You can set your clock to it. Helps answer some of the 'what is the market going to do today?' questions. Just coz the US was up, doesn't mean we will go up too. She goes down, and people scratch their heads and say 'why?' I don't try to guess what she will do. The gaps tell me it has a 'higher probability' of going down. No gaps, sure, probably go up. Gaps below, probably go down. The opening gap is a slam dunk, cheers.

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@kacy

Hi: Just close the loop on this conversation we were having as it was a live example. So, they opened it this morning, gapped it up, gap filled in seconds, and filled the 22 gap. So, it turned into an aussie financial instrument again instead of a follower of the US. cheers The power of the gaps, hard to explain, but predictable. Worth having a look at it, or not, as it's not for everybody. Cheers

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