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


To: Instock who wrote (16426)5/7/1998 3:20:00 PM
From: Carolyn S.  Respond to of 79382
 
"Carolyn, Test question. What does it mean that TCLN moved up 32% on HUGE volume today, and did not fill the GAP? Does that mean that filling the gap is sometime off? Disregart the Gap? What?"

Instock - I can only guess - my guess is that a gap up becomes less likely to be filled if the stock does not fill it the same day, and if the stock continues to hold or rise nicely above the gap on subsequent days. And that days later the gap can even become support (as people's expectations and protective stops and buy limits are raised)?

Doug ?

Carolyn S.