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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Chip McVickar who wrote (12084)	1/8/1999 9:48:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

Well I don't know how everyone in general define it; I use a definition that I believe is attributed to Larry Williams. It's either a Sell Gap or a gap up. It's either a Buy Gap or a gap down. The difference depends on the prior days action. Further it's a True Gap versus a gap when the market "skips" an entire trading area. There has never been a trade during Regular Trading Hours at 1260 on the SP9H for example. That's a real gap. If the market flipped back and forth for a few days, crisscrossing 1260 then Closing at 1258 and Opening at 1262 and running it would be a gap but one would not generally expect it to be filled because it really already was filled before the gap occurred. Does all this make sense? It's easier to see it on a chart.

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