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Re: None

Saturday, 01/19/2008 3:46:01 PM

Saturday, January 19, 2008 3:46:01 PM

Post# of 160471
Hmmmm... due to the high volume (with the t trade, much higher than usual), the chart seems to constitute a legitimate breakout gap. (Breakout gaps discussed here: http://www.streetauthority.com/terms/gaps-candles.asp )

Alternatively, another stock I recently traded (won't mention the symbol out of respect for the board's rules) had a very nice gap up but low volume. Next day it shot down rapidly and filled the gap. This does not seem to be the case here. TOFS hasn't seen this much volume since October! RSI reflects the situation nicely.



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