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What if a Down Gap on Monday?


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#1 tomterrific14

tomterrific14

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Posted 03 March 2007 - 11:34 AM

If it is filled during the day and prices close above the opening price, it could be an *exhaution gap*, leaving a candlestick, abandon baby, signalling a strong upside reversal.....on the other hand, if there is a price gap that is not filled, and not filled for 3 days, the gap could be classified as a continuation, runaway or measuring gap, especially as it would take out the pattern lows of Dec-Feb...the measuring implications for the averages are as follows....DJIA(1140), SPX(1300), OEX(600), COMP(2200), RUT(720), XAU(115).