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This post was written by Minyanville contributor Rod David.

One of my favorite setups is a "session-long rally" (or session-long decline). Its primary elements are a gap up above the prior afternoon's high, that is maintained through a relevant timing window. Two other critical elements were both fulfilled. Notice how the gap up failed to remain above yesterday afternoon's high. The story doesn't stop there, as just a signal that failed to trigger. Its failure has all sorts of implications.

Continue reading Q: When is a signal not a signal? A: When it's another signal

Q: When is a signal not a signal? A: When it's another signal originally appeared on BloggingStocks on Wed, 10 Jun 2009 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsRodDavidstock rallyStockRallyToddHarrisonWed, 10 Jun 2009 17:30:00 EST