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Actually ther downtrend has been longer......I'll let you see for yourself in this 10 year,
Fletch
http://tinyurl.com/nd2cax5
Actually it's not a Runaway gap.......It's actually called the CYA gap. The CYA gap never ever fills. BTW, island VooDoo has been known to follow the CYA gap and those wanting a fill are almost sure to loose their front teeth. I can only hope that doesn't happen here and now,
Fletch
Looks like beyond a bottom to me.....go CTIX!
To those thinking we should be much higher.......CTIX now has some overhead that it did not have last fall into December. We are still in OTC Pink land where far too many think to always take profits. This is wrong IMHO but the MM's want you to think to buy and sell a lot. The science will win out.........come on up list,
Fletch
Hey moneymaker$,
It does if it's going to fill the lower gap. Most gaps fill.......below is a link to tell you about the different kinds of gaps and what to expect,
Fletch
http://stockcharts.com/school/doku.php?st=gaps&id=chart_school:chart_analysis:gaps_and_gap_analysis
Yes, Runaway gaps may not fill for a long time........if you asked my opinion on this gap I'd say it won't fill anytime soon........This is based on getting good news along with us trading on the Nasdaq. Things are looking green-good,
Fletch
Not all gaps fill........especially runaway gaps. More can be learned from the link below,
Fletch
http://stockcharts.com/school/doku.php?st=gaps&id=chart_school:chart_analysis:gaps_and_gap_analysis
Looking it up .....there are three gaps..........use link below,
Fletch
up Jul-16-2015 17.85 to 17.86
up Jul-15-2015 17.15 to 17.49
up Jul-13-2015 16.84 to 16.90
http://www.stockta.com/cgi-bin/analysis.pl?symb=BAC&cobrand=&mode=stock#7FYXSM4eI91XpGQU.99
We really do all deserve a toast.....it was brutal at times......and I'm sure we all had some doubts.........do they know something???......are the sellers....bears right??? NOPE...
We did good.....holding on! Very happy,
Fletch
Anyone selling now doesn't know what they have.........let them sell now and pay up later,
Fletch
$3 again........may the flippers......flip out......oh and BTW......don't look back,
Fletch
Very good news........may the good news keep on coming,
Fletch
I agree........with a small float, large institutional and insider ownership, and a big product pipeline........SNGX should be a big winner,
Fletch
Yes, higher lows and still above the important moving averages. It has also held support from the old highs around $1.90,
Fletch
No.....TA didn't see it coming.....For small OTC Bio plays....TA can show possible resistance and support but news drives a lot more of the up and down.......as well as the flippers.....Way too many are playing for lunch money...........as soon as a play goes up some.......they sell......Now lets get some REAL great news,
Fletch
Edit: Below the Horse Head nebula and Orion on right.
Agree, that what may have moved us up quickly was short covering......too bad.......I'd rather they all burn a bit,
Fletch