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Strategies & Market Trends : Classic TA Workplace
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To: Edward Boghosian who wrote (201590)1/29/2013 4:28:00 PM
From: Win-Lose-Draw1 Recommendation   of 209892
 
I guess you don't believe in gaps being filled.

That is an entirely different statement from "gaps matter". Yes, most prices inside most gaps fill. However, it's not because they're inside a gap, it's because markets generally move through "all" prices.

For any given price point X.Y% away from the current price, the odds of the market trading through that price are exactly the same whether the price point is inside a gap, or not. This is easily demonstrated with all kinds of historical data one can pull from Yahoo and shove into a spreadsheet.

Gaps are irrelevant to determining future price movements.
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