SPDR S&P 500 (SPY): learning..I re-read your post. You are...

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Re: learningboutinv post# 54163

Saturday, 06/28/2008 10:13:50 PM

Saturday, June 28, 2008 10:13:50 PM

learning..I re-read your post. You are not correct in your assesment of what it takes to create a new brick. It is not a "violation" of a price during that period...it is the closing of that time period with the box or brick filled.

It should be thought of as a filling of a box at the close of a period. If a box fills during a period, and a new brick appears..yet later in that period the price drops below the fill of the box..that brick will disappear again. Capece?

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