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Re: nathanial post# 8962

Tuesday, 08/01/2006 5:57:53 PM

Tuesday, August 01, 2006 5:57:53 PM

Post# of 84387
OK....another warning. Let's say we get a PR tomorrow and we have a gapper. High today was 38, so if the low tomorrow was to be 39 or higher...that would consider that a gapper. There are a billion scenarios that could happen.

Opens higher than 39, recovers the gap early and continues up.

Does not have a gap....normal trading.

Opens with a gap, tries a couple times during the days, but fails to cover.

Just remember (once again STATISTICALLY SPEAKING)....gaps have a huge percentage propensity to be filled at some time (hours, days, weeks).

Sometimes (very, very rarely) they do not cover....and it's to the moon.


http://www.investopedia.com/terms/b/breakawaygap.asp


Sleep well all....ya all gonna need some strength tomorrow.
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