Exhaustion gaps occur in the direction of extended trends. For an exhaustion gap to be considered valid, prices should reverse soon after the gap and close the gap. In the later stages of a trend, the extent of the trend becomes widely reported; eventually causing a surge in trading that cannot be sustained. These events often mark the end of the trend.
Dollar update, according to the intraday data at CNBC, the Dollar made a new low at 74.93!!
DOW update, the DOW made a new high!!
This is the most important chart of the day, The Dollar index, currently at 74.97, .04 away from making a new low!!