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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (806)	10/19/2000 1:14:10 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 8925

There are two types of gaps, you know. True Gaps and Real Gaps. A True Gap is when the Market opens away from the range of the day before and a Real Gap is merely a gap away from the Close. I think Gaps are rather important. I do not follow them in equities, but sometime I shall have to run a scan of Gaps in the SP. If I recall correctly, True Gaps Close quite often on the same day. This can be very important to know, for the day trader anyway. It is just an observation and certainly would not fit into your work but because of the recent remarks scattered here and there I thought I would mention it, I have SnP Gap data that I've followed for several years.