Replies to post #7242 on The Black Box

[ljk]

You're correct. Gaps are measured not by the close but from the previous high.

Yesterday was an up day for my portfolio, by the way. I made back half the loss I took from thid downdraft just in yesterday's trading and stock recovery.

That's primarily due to the excellent action of my three warriors, of course, which went against the market in order to travel their own upward course.

If they do it again on Monday I'll be nearly back to making my own new highs.

Linda

[dieselfuel]

Rocky,

Check your data for these figures if you can:

10-02-03: High= 1842.55

10-03-03: Low= 1864.54


Now, never mind the opening and closing prices on these two days, these was no overlapping or continuation of price from 10-02 to 10-03. This is a gap, no?

Is it an important gap? I don't know. But to me, it sure seems to want to fill. And I think it will by Wed.

I think Monday will be an up day, just on a "gut" feeling.

I'd like to see a little run up here so Icould lighten up a little to buy a again a lower price.

Scott

[dieselfuel]

Rocky,

I was sitting here listening to music, thinking about my last post and it occured to me: Since we were going by highs and lowa (and not opening and closing price)I need to check the low and Friday. Sure enough, we did close that gap like you and BacchusII stated.

I was being conservative and going by opening and closing prices in my original post when I said the gap at 1836.


After re-examining the chart, if you look at 1 month prior (09-02-03) we had the same gap as 10-02-03: you can draw a line straight across. I guess that gap was more important than I originally thought. Now I'm more confident we go higher Mon., as Wahz said his indicator was way oversold.

I don't know how important gaps are, but all week, it just seemed to me that the $compx wanted to fill that gap.

Scott