Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Lost1 who wrote (4469)	6/16/1999 3:47:00 PM
From: James Strauss	Read Replies (1) of 13094

CNXT... Lost: A look at the short term chart shows a gap on June 9th... See the big open space between the closing on June 8th and the next day's opening? iqc.com When a stock gaps up or down it leaves a vacuum where there is no support or resistance... This means that if a stock begins retracing its move there is no solid foundation of support until it falls through that vacuum... This is why many times it's prudent to wait for a stock that has gapped up to come back and fill that gap before entering or adding to a position... Jim

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