Double dipping results in a less-than-filling day

By Active Trader Staff
After a big down day and a close near the day’s low (June 20, a loss of approximately 200 points in the Dow), we expect the market to rebound — perhaps at least to the midpoint of the down day’s range — the next trading day (June 23). Even when they occur in the direction of an entrenched trend, there is ample evidence that big days are followed by at least a brief pause or correction (recent examples include May 22 and June 9).


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