Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: sylvester80 who wrote (13752)	12/16/2001 8:56:35 PM
From: mishedlo	Read Replies (2) of 99280

A gap is a spike up above yesterdays close that is never filled or a spike below yesterdays close that is never filled. It leaves a gap on the chart when you look at it. If there is no hole on the chart there is no gap. I have not looked at the stock or index in question as I have lost track, but I can not fathom an "intraday gap" except if a stock was halted then re-opened. An Island reversal is a gap both ways. Perhaps caused by good news that turns out to be not so good (rumor of buyout that turns out to be false for example) Stock closes at 12. Stock opens the next day at 14, never touches 12 all day, leaving an open gap and closes at 16. Stock opens at 13 the next day and never touches 16 anytime during the day. If you look at the chart you will see an island. M

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