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Pastimes : ASK Vendit Off Topic Questions
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To: Vendit™ who wrote (14312)9/30/2000 5:24:42 PM
From: Tomato  Read Replies (1) of 19374
 
Gaps up or down have the same eventual predictable results in most cases. ie they get back filled

FWIW, Gary Smith, columnist on thestreet.com had some professor write to him about 9 mo. ago saying he had done some backtesting (maybe several months worth--not years worth, I think) and found that gaps got filled about 75% of the time.
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