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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?


To: jaker who wrote (4669)4/16/2007 10:34:50 PM
From: jaker  Respond to of 6865
 
Whenever I see a gap near resistance, I start thinking exhaustion gap. There really is no way to tell if it is continuation or an exhaustion gap at this time... If price just blows though to new highs then a continuation gap... If price peters out and fails to make new highs then exhaustion is suspected... this market must be getting tired... I dunno, option week, earnings, blah blah... I will be watching overseas markets and premarket futures... and price & volume action closely.

h1.ripway.com