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Monday, July 25, 2011 4:13:14 PM
Chartist's will harp on the GAP incessantly until the theory becomes a self fulfilling prophesy.
Plain and simple if "NO ONE SOLD THEIR SHARES" The GAP would never fill. However, you have chartists who will specifically sell a stock down to close a GAP because they believe in it so much.
It is a bunch of baloney. It is a form of manipulation used by a few as a scare tactic to buy the shares they just sold in the GAP up at a cheaper price so that they can do it all over again.
I'm no idiot and please don't take me for one.
I can use a stock chart to interpret just about anything I want it to. LOL
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