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Re: AgeOfReason post# 14684

Thursday, 03/04/2021 3:56:45 PM

Thursday, March 04, 2021 3:56:45 PM

Post# of 37836
Hi AgeOfReason...I am afraid if you believe "in the concept that virtually all gaps get filled eventually - even if there was a massive runup (maybe even especially if such is the case) right after the gap." then you would be wrong. I am just stating a fact nothing more. Yes, most gaps are filled in but as I stated 'breakaway gaps' are not. The gap we have been discussing with SIRC between .75-.85 is no longer a breakaway gap. It did indeed get filled in today.

Carefully look at any chart with a stock that has had a big run up and you will see a breakaway gap. I guarantee you if you go back long enough for AMZN or AAPL or ANY stock that has an overall long term up trend you will find open gaps towards the beginning. When SIRC finally goes up for the long haul you can bet it will have a breakaway gap near the beginning of the new upward trend.

Btw...SIRC has another breakaway gap that has never been filled created on 2/1/21 between the close on 1/29 at .56 and the low of 2/1 at .60.


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