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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 470.36+1.0%Jan 26 3:59 PM EST
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To: Susan G who wrote (12841)2/26/2002 8:26:50 PM
From: RKHIII  Read Replies (2) of 26752
 
Susan: One question: Why do you call it "gap RESISTANCE"? My understanding is that gaps are like magnets (although sometimes weak ones) which tend to pull price in the direction of the gap. I would think that a break of the downtrend line is somewhat inevitable in order to fill that gap to 1801, although there's no way of determining if that fill will cause a reversal.

Am I wrong here?
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