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 : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (5479)	7/21/2004 4:01:38 PM
From: Sergio H	Respond to of 23958

Mikey Assuming you remember what a gap is, now remember that most gaps fill. Price rebounds from a gap fill. It's like bouncing a ball. If the gap is lower than the current price, very often the stock price will spike up when the gap is filled. A lower gap fill is support. It's like bouncing the ball off the floor. So, when a lower gap is filled its a good time to buy. If the gap is overhead, when the gap is filled, the stock price will bounce back down. It's like bouncing a ball off the ceiling. Overhead gaps are resistance. When price hits resistance its a good time to sell. Got it? Real easy way to look at it is just remember the part about lower gap fills and turn the chart upside down if its overhead gaps you're looking at. <ggg>