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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (13751)12/16/2001 8:45:29 PM
From: sylvester80  Read Replies (2) | Respond to of 99280
 
I think your definition of a gap is wrong. A gap is not just the close but the whole range of the day.

So a gap exists when the previous day you trade 1000-1050 and let's say you close at 1030 for example (the close BTW is irrelevant), and the next day you trade 1070-1100. So that gives you a gap at 1050. The actual close price is irrelevant.

I would be interested to hear what other think here of what the definition of a gap is. That is how I've known gaps to be.



To: ajtj99 who wrote (13751)12/16/2001 9:16:32 PM
From: Steve Lee  Respond to of 99280
 
A gap down requires the high of the day to be below the low of the previous day, not just below the close of the previous day as is the case with the "non-gap" in question. So my vote is no gap.