much truth to that, definitely
crazy thing is that gap has always been in the back of my mind
and I have seen occasions where they have not filled, but again, it is rare...or at least when I saw them filled it would be years later....
what is changing some of that theory in todays market is the Premarket trading and the Aftermarket trading in that it has definitely become way more popular then years before....but still imo the gaps do apply
if we look at the chart though,
the day before the gap has a 3.30 low
that low is support at least for this moment.....
there is nothing alarming here I dont feel in terms of the chart,
2.95 is still a higher low
but
the alarming thing is the overall market
today was like a quadruple whammy
chinese markets, job report, sune announcement, and overall panic
add that all together and you get a complete mess
yet, after all that, you have analysts out there still calling it a buy and also a hold.....
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