Gap Fill

It seems like a gap fill is a no brainer today. It is the first chance for anxious buyers to buy a pullback as pullbacks have been very shallow since the new year started. The problem is that it almost seems too easy. It has not paid to over think anything recently but I am going to press my shorts anyway.

4 comments:

Anonymous said...

You don't seem to post or talk about the 10dma any more?

Tsachy Mishal said...

It matters most when we reach an extreme. The readings have not been extreme recently. We are overbought but will not be maximum overbought until this Friday. Ofcourse the market will need to go up until Friday to achieve a maximum overbought reading.

nicasurfer said...

you see the equity only putt call.

What are the bulls thinking here?

Tsachy Mishal said...

Everyone is trained to buy the dip.