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Strategies & Market Trends : today's chart

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To: Claud B who wrote (653)	9/22/1997 9:11:00 PM
From: Richard Estes	of 1267

What do you think of my explanation. XXXX closes at 8.00 which happens to be a bid price, when 8.50 was ask. Next day opens at 8.50 and never trades below it. sounds like a 1/2 point gap. a candlestick which I think is most visual would show it. Spreads are always present and can distort, but they have always been there in every gap. A gap seen in a wide spread would possibally be more important then a stock with a small spread. a 1/2 point gap on a stock at 10 means more than one on a $100 stock. Agree on indices, they may have more meaning. The key might be that the open was the low.

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