Not related to this topic but a question of general knowledge. This term was used first time in stock market in 2008 crisis. Since then it is being used for a huge gap down openings or sudden fall in market.
Can we use this term for a huge gap -up opening as its literally meaning is “something unexpected”.
Going by what I have read in the last few months, a huge gap-up will be followed by selling pressure. GREED.
a huge gap-down will be followed by further selling pressure - PANIC.
So …