Jump to content



Photo

Gapity gap gap


  • Please log in to reply
16 replies to this topic

#1 dcengr

dcengr

    Member

  • Traders-Talk User
  • 13,391 posts

Posted 30 January 2009 - 01:35 AM

bull gap bear gap bull gap this market reminds me of the japanese market and all the gaps they go through.
Qui custodiet ipsos custodes?

#2 IYB

IYB

    Member

  • TT Patron+
  • 7,141 posts

Posted 30 January 2009 - 03:29 AM

A bull gap here would take an open tomorrow of at least 875 area, then up from there, right? Is that what you are predicting?
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#3 humble1

humble1

    Member

  • Traders-Talk User
  • 5,959 posts

Posted 30 January 2009 - 03:34 AM

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. B) ™ p.s. btw, what DO you call a gap which gaps the whole range of the previous day?

Edited by humble1, 30 January 2009 - 03:35 AM.


#4 IYB

IYB

    Member

  • TT Patron+
  • 7,141 posts

Posted 30 January 2009 - 04:06 AM

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.

B)


p.s. btw, what DO you call a gap which gaps the whole range of the previous day?

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:

http://stockcharts.c...9476&r=5994.png

But WTFDIK? You may do things differently, and that's okay by me. :o One man's gap is another man's garbage.... ;)

Edited by IYB, 30 January 2009 - 04:13 AM.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#5 humble1

humble1

    Member

  • Traders-Talk User
  • 5,959 posts

Posted 30 January 2009 - 04:17 AM

i guess i'm thinking what you are talking about is an "island." okay, it's time to use my call-a-friend: do you have IT's # handy? ;););)

Edited by humble1, 30 January 2009 - 04:18 AM.


#6 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 30 January 2009 - 06:39 AM

Bulls need the Island to become part of the land mass before anything...
Posted Image[/URL]
[URL=http://g.imageshack.us/img84/eurod908ph5.png/1/][IMG]http://img84.imageshack.us/img84/eurod908ph5.png/1/w1430.png

#7 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 30 January 2009 - 07:19 AM

A triangle that bulls don't want and bears to salivate over...
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=8&i=p03424202902&a=104586413&r=123.png

#8 Iblayz

Iblayz

    Member

  • TT Patron+
  • 1,033 posts

Posted 30 January 2009 - 10:12 AM

Broke the uptrend line on the 30 minute. That bottom line should not be touched today if that is a valid 5 wave move down on the thirty. Should turn up north of SPX 837.53 and ES 834.20 if it is in play and NOT being crushed by a move on another timeframe. And now to be done with the intraday stuff. Got to do some of the stuff I should have done yesterday. [attachment=9593:SPX30013009A.png]

#9 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 30 January 2009 - 10:48 AM

this has the look and feel of a real ugly day....like delta hedge meltdown type Ugly could come under 832 SPX

Edited by Teaparty, 30 January 2009 - 10:51 AM.


#10 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 30 January 2009 - 11:09 AM

Guessing....could build a right shoulder...but anytime ES 828 is taken out south...there could be great swooshyness...
Posted Image[/URL]
Posted Image


Posted Image[/URL]
Posted Image

Edited by Teaparty, 30 January 2009 - 11:14 AM.