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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: jack bittner who wrote (22706)4/10/2000 8:54:00 PM
From: Chris  Read Replies (1) of 42787
 
as on the previous post, there are no "hard" rules. sometimes, a gap might provide support.. for example, if the gap is from $10 to 11 area, a stock can come and fill the gap and use the lower $10 gap area as Support.

let's think of it inversely:

notice on the last qcom run, it used the qcom resistance gap at 161. (the high of the day went higher, but the close was lower)

geocities.com
(yellow arrow)

hope it helps.. i am not an expert on gaps, but I'm always studying the ones that "effect" my trading. Likewise, one should not know all the stocks in this universe.. Just the ones that you feel comfortable with.
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