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To: Keith Monahan who wrote (9339)2/2/1998 2:36:00 PM
From: DavidG  Respond to of 25814
 
Keith,

The upside gap is bullish for LSI. It usually indicates a support level for the LSI Stock Price. If it closes the gap then you might expect LSI to retrace to lower support level.

Just be happy for now that it gapped up.<g>

DavidG



To: Keith Monahan who wrote (9339)2/2/1998 2:56:00 PM
From: E. Graphs  Read Replies (1) | Respond to of 25814
 
My general experience is that these gaps are bullish on the breakout. They are closed sometimes, but usually much much later when there's a big change in sentiment in the market, or with the stock itself. It almost seems like it could never happen, and then it happens!! I usually mind these gaps for a time, and then ignore them until there is a change in trend, then I may actually target them on the downside. JMHO.