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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (5598)	12/2/1999 7:48:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Gaps... Ernest: Usually a stock moves through support and resistance areas that represent a good number of people that bought at that price... A gap occurs when an opening price is outside the trading range of the prior day... An upside gap means that the opening price is higher than the previous day's high... The opening in the gap is a vacuum without support or resistance... Meaning there are no people who bought at those prices in the gap area... Technically this leaves an area to be revisited on the upside or downside as buying or selling pressure builds... Historically, most gaps are filled... Jim