Market Analysis for Trading on 7/27/2016

Mish Schneider | July 26, 2016

A Tale of Two Runaway Gaps It was the best runaway gap, it was the worst runaway gap. Ok, maybe a literary stretch, I nonetheless want to highlight the difference between a runaway gap (also known as a measuring gap) with follow through versus one without. On the lefthand side is a daily chart of the Dow Jones Industrial Average (DIA). On July 14th, the DIA gapped higher. What made that gap significant is that

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