
*Inside/Outside Day: This occurs when one day's high is less than the previous day's high, and that its low is higher than the previous day's low. This is usually taken as a sign of consolidation while the market waits for more signals for a direction. If it occurs after a market has had a big move, it is often taken as a signal that momentum is waning for that move. An outside occurs when one day's high is higher than the previous day's high, and its low is lower than the previous day's low. This is often taken as a signal that the market is about to make a move in the direction of the close.*
