Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sylvester80 who wrote (13752)	12/16/2001 8:56:35 PM
From: mishedlo	Read Replies (2) \| Respond to of 99280

A gap is a spike up above yesterdays close that is never filled or a spike below yesterdays close that is never filled. It leaves a gap on the chart when you look at it. If there is no hole on the chart there is no gap. I have not looked at the stock or index in question as I have lost track, but I can not fathom an "intraday gap" except if a stock was halted then re-opened. An Island reversal is a gap both ways. Perhaps caused by good news that turns out to be not so good (rumor of buyout that turns out to be false for example) Stock closes at 12. Stock opens the next day at 14, never touches 12 all day, leaving an open gap and closes at 16. Stock opens at 13 the next day and never touches 16 anytime during the day. If you look at the chart you will see an island. M

To: sylvester80 who wrote (13752)	12/16/2001 10:52:00 PM
From: ajtj99	Respond to of 99280

Syl, you are correct and I am incorrect. I assign more weight to gaps that are filled with "bodies" rather than sticks, hence my difference of opinion. That's why I also use the daily ranges I listed. While there is no gap, it would be a better filled range had it been filled with a body rather than a stick, unless it is a top for this move. If you look back over the charts, you will see that most of the time a range is filled by a body and not a stick. If it was filled by a stick, other than a top, it is normally filled later by a body.