Wave Systems Corp. (fka WAVXQ)

[lugan]

I am not an expert on gaps, but here is some info on gap theory:

Price gaps are one of the most common technical signals. They also are one of the least understood. Here, we'll put gaps in their proper context and show how a classic theory can help you determine which gaps matter most.

While they are among the simplest technical conditions, price gaps - when successive price bars fail to overlap generate a lot of questions among traders. Why do gaps happen? How can we foresee gaps? Do gaps always get filled?

http://findarticles.com/p/articles/mi_qa5282/is_20081201/ai_n31108517/