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To: Evolution who wrote (45142)	5/20/1999 3:15:00 PM
From: Wowzer	Read Replies (1) \| Respond to of 95453

I will take a shot at answering your questions. First cross means a certain number of shares traded at a specified price. You never really know if it was a "buy" or a "sell". Because all transactions must have a buyer and seller for the trade to "cross". However if the trade occurred at the ask or higher most people will infer it was a buy, that is someone was buying the shares from a market maker or specialist or vice versa if occurred on the bid or below. This is not always the case cause I have bought shares on the bid numerous times, but it gives you a decent idea.. Fill the gap means when a stock runs up real fast and blows through prices, or as you say gaps the next day, stocks tend to drift back down to fill those gaps with more volume. At least that is how is supposed to work in theory... Rory

To: Evolution who wrote (45142)	5/20/1999 3:17:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

A gap is where the low price of one period is greater than the high of an adjacent period (typically, the period is a day, but it could be an hour or week, etc.). The gap can either be up or down, and there are several different types of gaps. Each type gives a different signal and calls for different treatment. Often, after hours news leads to the gap up or down because it creates an order imbalance at the next day's open. Filling a gap refers to the tendency of a stock to retrace its move until the price returns at least to where it was prior to the gap up or down. Some gaps can remain open for a very long period -- even years. Crossing refers to one of the methods by which a specialist executes a block trade -- if a firm has a client with a very large buy or sell order, they may look privately for sellers or buyers, as the case may be, and when they have enough to match the buy or sell order, the specialist will "cross" the shares (i.e., execute the trade) on the exchange. edit: Ah, I see it's already been answered. I type very slowly. <g>

To: Evolution who wrote (45142)	5/20/1999 3:29:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 95453

Gap means the distance bet. yesterday's closing price and today's opening price in a one-day chart, or the gap bet. yesterday's day-low price and today's day-low price on a daily chart. In a lot of cases, the gap has to be filled before the next leg up or down. Some gaps may never be filled if the stock is really strong. Whether to fill the gap has a lot of things to do with the broad market, fundamentals of a company, etc., just as all other TA stuff. It really depends. If you look at FLC chart, there was a gap bet. March 9 and 10 around $6.5 or so, and that gap may never get filled unless the oil goes back to $10/barrel, or the company is really screwed up. There are some discussions on LastShadow's Position Trading thread here on SI, you can do a search on "Gap" to find those posts. LastShadow knows a lot more about gaps than I do. So maybe you can ask him. I saw somebody alread explained "crossed" to you.