If you follow headline news, then we don’t have to tell you about the kind of hit that the recent job report had on the major markets this week. OUCH. Just today the DJI fell 105 points, the S&P 500 lost 10 points, and the Nasdaq fell 21 points. The DOW alone shed over 400 points since Wednesday!
The increase in unemployment has caused major concern for experts, as well as all of us regular ol’ citizens of the USA. The recent job report was a definite letdown, especially for economists who were predicting a rate of improvement from 9% to 8.9%. Yet here we are with an unemployment rate of 9.1%.
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Our friend Scott Andrews, a West Point graduate and former CEO of a public company, is now Founder and President of MasterTheGap.com. Today he is going to share an interesting perspective in this article on using historical probabilities. For a limited time to Traders Blog readers, Scott is offering a complimentary historical research study on opening gaps in the S&P 500. If you enjoy this article, you may wish to 
broad brush. Candlesticks draw on the same open-high-low-close data as do bars. Here the length of the bar, or “candle,” is determined by the high and low, but the area between the open and close is considered the most important.This area, the “body” of the candle, is filled with blue (or white for most charting programs) for closes higher than open, and is filled with red (or black from most charting programs) for down days. The wicks above and below constitute the “shadow” of the candle, or high or low.