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Re: trade2much post# 491

Tuesday, 03/18/2014 1:23:13 PM

Tuesday, March 18, 2014 1:23:13 PM

Post# of 23979
GTXI <Annotated early bird chart> note the 3/13 positive divergence noted - it rallied the price up .15 and now the obv and the A/D are sideways, so keep an eye on it. OBV and AD need to trend up, side ways indicates a current status quo. This can change in a session or two, especially the OBV the A/D takes longer, and since my note on 3/13 it actually has rolled north compared to where it was (pointing south back then). It has been said that the vast majority of gaps close due to no areas of resistance, however they may take as long as 3+ years to do it, or it may close in a day. Note the OPEN GAP on this one, it gives this SP potential and the open area is a very dangerous one for shorts to hold on without covering.

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