ABSTRACT
Very short-term phenomena — of a one-day or a few days’ duration — can sometimes be indicative of not only short-term direction, but also give hints as to longer-term price behavior. Gaps (Chapter 12), and One-Day Reversals (Chapter 10), which have been discussed, belong to this group. Other shortterm patterns of interest include Spikes, Key Reversal Days (sometimes called merely Reversal Days), and Runaway Days (sometimes called Wide-Ranging Days).
