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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (8799)12/4/1997 3:14:00 PM
From: Doug R  Read Replies (6) | Respond to of 79293
 
Sandra,

Exhaustion gaps don't need to be filled. They occur when a stock has run down to such a ridiculously low price that the gap up off the bottom is at a level that would take another ridiculously overdone selloff to close. The word exhaustion implies that there is no more strong selling left in the supply/demand dynamic.
I hope this clears it up for you.

Doug R


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