Elite Pharmaceuticals Inc (ELTP): Yesterday is the first day that the gap...

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Elite Pharmaceuticals Inc (ELTP)

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Re: rdragon post# 22891

Thursday, 08/16/2012 2:23:49 PM

Thursday, August 16, 2012 2:23:49 PM

Yesterday is the first day that the gap of .10-.1025 was finally filled. Now, it does not mean there is clear sailing now, but it is time to start getting in again if you have been a trader like I have been.

You never ignore a gap in a chart. You never know WHEN it fills that gap (which is why you do not get out of ALL of your position because a gap exists) but you do use the fact there is a gap to be able to take some risk off the table by selling some.

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