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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Evolution who wrote (45142)5/20/1999 3:29:00 PM
From: RealMuLan  Read Replies (1) of 95453
 
Gap means the distance bet. yesterday's closing price and today's opening price in a one-day chart, or the gap bet. yesterday's day-low price and today's day-low price on a daily chart. In a lot of cases, the gap has to be filled before the next leg up or down. Some gaps may never be filled if the stock is really strong. Whether to fill the gap has a lot of things to do with the broad market, fundamentals of a company, etc., just as all other TA stuff. It really depends. If you look at FLC chart, there was a gap bet. March 9 and 10 around $6.5 or so, and that gap may never get filled unless the oil goes back to $10/barrel, or the company is really screwed up.

There are some discussions on LastShadow's Position Trading thread here on SI, you can do a search on "Gap" to find those posts. LastShadow knows a lot more about gaps than I do. So maybe you can ask him.

I saw somebody alread explained "crossed" to you.
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