Monday
Oct262009
Gap shredded on volume
Monday, October 26, 2009 at 03:32PM 
SPX 1065--We've pointed out the 1075-1079 gap here, you can see by chart above how fast it went (bearish technical reversal from Friday confimed). At ES 1070 (=1075 gap low on SPX cash) over $12bln trades surge in volume!. Unlike last week when gap tested on 'no fundamental' reasons and gave us reason for a bounce chance that followed next morning, this one coincided with fundamental as in $USD rip and comes with technical damage.