DUG (UltraShort Oil & Gas ProShares) Is Probably Going To Try To Fill Today's Downside Gap At 45.16

DUG (UltraShort Oil & Gas ProShares, http://stockcharts.com/charts/gallery.html?dug) is probably going to try but fail to fill today's downside gap at 45.16, see http://finance.yahoo.com/q/ta?s=DUG&t=5d&l=off&z=l&q=c&p=&a=p12,fs,w14&c, because, DUG experienced a huge +6.29% likely bullish breakaway type gap to 48 at today 10-6's open, from Friday's close at 45.16.

If 45.16 doesn't get filled today or tomorrow I'll look to trade DUG, because 45.16 will obviously be a bullish breakaway gap. If 45.16 does get filled (probably won't until later) I'll have to assess whether to trade DUG or DIG (Ultra Oil & Gas ProShares, http://stockcharts.com/charts/gallery.html?dig).

I'll look at the highly useful daily and intraday candlestick charts to assess the cycles, Elliott Wave patterns, and gaps (for the lead indicators XOM/WMT and XOI also) as well as the candles' features (black/white, spikes/inverse spikes, size of spikes/inverse spikes, etc). I'll also look at the broad market Walmart (WMT) Lead Indicator and the sector Exxon Mobil (XOM) Lead Indicator.

It's possible that the current (key word) market crash might end today or tomorrow, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c, and, an "important" cycle low might occur (whether it's a major cycle low will be very questionable obviously). I might not do a post market update. What's the point right now? The market and most sectors are crashing, there's the update.

.......http://www.JoeFRocks.com/

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