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Re: Jim46 post# 65254

Tuesday, 01/12/2021 9:39:19 PM

Tuesday, January 12, 2021 9:39:19 PM

Post# of 202266
The simple answer is that Gaps don't have to fill and they sometimes don't. Actually, I did a ton of research on this and know that based on one statistical study, 91.4% of gaps close. There are also many different types of gaps. The one that doesn't close is technically called a "Runaway Gap" and there are millions of examples of stocks that do this. Stocks do tend to close gaps for a few reasons such as over-correction, but even when gaps don't happen stocks tend to see the same price a few times over. In some cases, it is a self-fulfilling prophecy, just as much as those that tend to believe the Clay + minion myth. Clay doesn't cause the share price to drop, its the shareholders that do. At the end of the day it's about what side the collective tends to swing in and driven by our psychological behavior.

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