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Re: ospreyeye post# 12832

Tuesday, 11/04/2014 5:43:02 PM

Tuesday, November 04, 2014 5:43:02 PM

Post# of 63744
Thanks! I'm big time bullish on BAA but I'm suspect of today's move. I thought what happened today would happen yesterday. Hopefully I'm wrong but I think we could see BAA drop tomorrow and maybe Thursday to close some gaps.

I don't really know why it works that way. I think Rocky Balboa said it best when he was talking to Paulie about why he liked Adrian he said "I dunno, she's got gaps, I got gaps, together we fill gaps."

The .136 to .138 gap is now three levels deep (list below). I think that without another material event those gaps are going to be under pressure to close. Hopefully Q3 fins provide enough information for analysts to forecast Q4 profit. I think that is possible. That could invalidate this chart.

Until Q3 fins come out I think we could see some downward pressure to close that gap and maybe even see another quick dip below .12. I hope not! But with the way BAA has been trading this can't be counted out.

10/10 to 10/13 (Candle Body)
.136 ___ .140 (.138 due to 10/31 close)


10/31 to 11/3 (Candle Body)
.138 ___ .136


11/3 to 11/4 (Full Gap)
.136 ___ .143

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