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Re: TOUCAN post# 789

Sunday, 10/24/2010 4:09:48 PM

Sunday, October 24, 2010 4:09:48 PM

Post# of 2842
TOUCAN: Right ON !!!

Personally, I pay very close attention to "gaps".

I notice, a lot of times, they do get filled.
Some open gaps take longer than others to fill, but, for the most part, eventually they get filled.

Take as an example, one of my favorites, which many on this board are familiar with.
QSGIQ Weekly Chart:
http://stockcharts.com/h-sc/ui?s=QSGIQ&p=W&yr=2&mn=0&dy=0&id=p69191539784

Notice, that the gap at 2nd week of February 2009, did get filled, even though it took 18 months for it to happen this past August.

ASYTQ, should have no problem filling its open gap from the 3rd week in April 2009. Coincidentally, we are sitting at 18 months from that date. That's eery, isn't it?
ASYTQ Weekly Chart:
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=2&mn=0&dy=0&id=p75506573543

Also, one final note here.
Technically these two charts share a striking similariy if you consider their price patterns.
From the 0.67c April 2009 pivot of ASYTQ, down to the 0.003c low in the last week of December 2009, I count a 5-wave correction phase price structure, followed by an A,B,C counter trend rally up to the 0.046c high pivot in February 2010, and again followed by an A,B,C Down, or if you prefer, another 5-wave correction phase price structure, down into the Aug./Sept. bottom at 0.002c


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