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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: James F. Hopkins who wrote (40546)10/21/2002 11:55:24 AM
From: Paul Shread  Read Replies (1) of 52237
 
Glad you're posting again, Cap'n.

From Edwards and Magee on gaps:

"Must a gap be closed before prices move very far away from it? Certainly not! Will it be closed eventually? Probably yes. If it is not closed by the next Minor Reaction, there is a chance it will be covered by the next Intermediate Retracement, and if not then, pretty surely by the next great Major Swing in the opposite trend. But that may be years later - hardly of interest to the ordinary trader."

That Dow gap from December 1974 will fill only if Prechter is right. -g
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