The NYMO was actually a bit better this time as it closed for a second day below the BB, usually 2 days in a row you are really due.  2 - 3 is the the max usually.

    As I pointed out, in strong downtrends those indicators can close 2 or sometimes 3 days below the BB's before you get the bounce.  Use other factors with it don't just use the NYMO and NAMO alone, like there was pretty clear positive divergence on the intra day time frames on Tuesday near the end of day and with the doji candles to boot on the indexes and many stocks, the probability of a bounce on Wed was pretty high.  On Monday however you didn't have any of those intra day divergences

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