Gapity gap gap
#1
Posted 30 January 2009 - 01:35 AM
#2
Posted 30 January 2009 - 03:29 AM
#3
Posted 30 January 2009 - 03:34 AM
Edited by humble1, 30 January 2009 - 03:35 AM.
#4
Posted 30 January 2009 - 04:06 AM
My understanding of a gap has always been an area on the chart where there was no trading activity-an area where one days high low was higher than the prior days high, for example, leaving a "gap" (area where there were no trades) behind on the chart. Thus an open tomorrrow at, say 855, would not be a "gap" since we traded today between 844 and 869 or so. There would be no untraded area which I have always thought of as a gap. Yesterdays trading range on TNA, for example, left a gap on the chart.....before today's action filled that gap:uhhhh ... it is my understanding that a gap up is just a gap up from the close. please correct me if i am wrong. of course, as soon as (if) price touches the previous close the gap is filled.
maybe someone with a brain can help me. i put mine down around here somewhere.
™
p.s. btw, what DO you call a gap which gaps the whole range of the previous day?
http://stockcharts.c...9476&r=5994.png
But WTFDIK? You may do things differently, and that's okay by me. One man's gap is another man's garbage....
Edited by IYB, 30 January 2009 - 04:13 AM.
#5
Posted 30 January 2009 - 04:17 AM
Edited by humble1, 30 January 2009 - 04:18 AM.
#6
Posted 30 January 2009 - 06:39 AM
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[URL=http://g.imageshack.us/img84/eurod908ph5.png/1/][IMG]http://img84.imageshack.us/img84/eurod908ph5.png/1/w1430.png
#7
Posted 30 January 2009 - 07:19 AM
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=8&i=p03424202902&a=104586413&r=123.png
#8
Posted 30 January 2009 - 10:12 AM
#9
Posted 30 January 2009 - 10:48 AM
Edited by Teaparty, 30 January 2009 - 10:51 AM.