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To: Galirayo who wrote (134651)7/21/2006 10:24:09 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
E&M...

Glossary:
"Gap -- A hole in the price range which occurs when either 1) the lowest price at which a stock or commodity is traded during any time period is higher than the highest price at which it was traded on the preceding time period, or 2) [[same thing turned around, to cover a down gap]]......When the ranges of the two time periods are plotted, they will not overlap or touch the same horizontal level on the chart......."

Text:
"Gaps on daily charts are produced when the lowest price at which a certain stock is traded on any one day is higher than the highest price at which it was traded on the preceding day. For a gap to develop on a weekly chart...[[reads the same, except refers to prices "at any time in one week"]]"

Not a word about opening or closing prices....

I note that the purported definition you cite is a "compilation" prepared by a poster on a message board......It is NOT a quotation from E&M..Moreover. it is patently internally inconsistent...the first sentence being incompatible with the second.

Suck it up Man....LOL

As I said, proceed as you wish....but as far as I am concerned, this is it....and the discussion is closed....