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Killtoy

10/24/14 11:41 PM

#75565 RE: farviewhill #75541

LOL I tell you its over my head... I just heard about we had to fill that 2010 gap a few times before June 2014, then when it got a few fractions of a cent from filling it in June I thought that it was filled. Guess I was wrong it only filled when it hits the exact number or below? ( doesn't that create a new gap though? ) like I said its all above my head.

sharpei

10/25/14 9:14 PM

#75574 RE: farviewhill #75541

fairviewhill: Some references to the necessity or not of filling all gaps: stockcharts, 'Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives.';

dummies.com, 'How do you know whether a gap will be filled? If it’s a breakaway gap, it probably won’t be filled — at least, not in the near future.'

livecharts.co.uk., 'Common myth: All gaps must be filled. This a very tempting intra-day strategy but is strictly speaking, not true.'

I thought they all had to be filled; however, I have found some published notes that dispute that.

Hope this helps. :)