Replies to post #6671 on The Black Box

[Myself °¿°]

I agree... the hard part will be going long If Mr. Market's timing is to fake us out dipping below the 50sma and/or the gap...I will be watching the 63ema. Based on the timing of it, that could be pierced also... If we get down that far, we may turn back up at the 20ma. next week should be intersting. http://www.investorshub.com/boards/read_msg.asp?message_id=1594706

I stumbled on this... It all should be very interesting
http://www.investorshub.com/boards/read_msg.asp?message_id=1602264

[dieselfuel]

So, is it safe to say you don't worry about a gap in the indexes or individual stocks (like the big one in AVXN back in May03)? Or, is this the case because we are in a Bull run, and it's meaningless.

I want to buy AVNX, but that gap bothersme.ALthough, as I type this, that gap is probably meaningless in a bull run. No?

Maybe that gap shouldn't be worried about until this bull run is over, then it's time to go short. That gap would make a good place to cover.


Scott

Edit: I just checked the $compx weekly, and there's no gap. So, maybe the daily is that important?