My Blog mostly about daytrading the US Markets....
there are not enuff day traders around..this is why these patterns do not work any more
Not true: MM's, institutions, big traders, hedgers care less about gaps on days like today...they create the ramp hitting the orders on the way up! they ramp up the open in expectation of FOMC mtg, plateau, jiggle at announcement, then sell off. Think about it. Next time keep an eye on the open with a WL ready to go: aapl goog, etc, etc.
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