Market Update: My Gap Rule Rules The Day

August 14, 2008 12:57 PM

I said before the market opened that “if we were going to reverse it should come early” It reversed 5 mins in and we haven’t looked back. I later said “if we hold the low and clear 1280.75 the gap should fill, at least”.

The strength has taken me by surprise a little, but I mentioned there really was nothing of significance up top to stop the move.