[Dogpile]

the reason I think this is important is what it really means for the following day.

in my view, electronic markets may go up either with hard, momentum based 'dogpile' action or they go up in creep mode as buy programs just hit over and over again.

but electronic based markets are different on downside. they generally do not go down in slow, creep mode -- they generally just freefall quickly. we did have a day about 2 weeks ago where market went down really hard with single prints... then chopped around and formed a somewhat 'fat' profile (a 'b' profile) -- and then it had a 'price spike' down late in the day. but all this did was set up a great buy for the next day as it gapped up and ran hard -- you were offered asymmetric location for a buy late in the day on the hard push below the point of control.

Now beware, you must have a good entry technique with a very reasonable stop loss point as the market did form a 'b' profile on the day before it crashed on February 27th. But having a good short-term entry/stop loss technique will get you out of the market when it breaks hard lower but will also allow you into the market for the majority of times that the market squeezes back up...