Replies to post #3351 on Laser Energetics, Inc. (LNGT)

[Bangkok Bob]

Yeah get out the crayons . lol

You have a fairly lofty opinion of yourself don't ya.

How are your comprehension skills. I suggest you pickup a book about technical analysis.

Read it very slowly. lmao

WHAT IS A GAP?
A "gap" is a space on a bar chart or candlestick chart where consecutive bars (I will use bars and candlesticks interchangeably) show no price overlap. In other words, either the first bar's low is above then next bar's high (meaning the stock gaps lower), or the first bar's high is beneath the second bar's low (the stock gaps higher). Typically, analysts will refer to gaps that take place from one day's trading to the next. However, gaps may also occur on intra day charts, weekly charts and monthly charts.

[JER01]

Gak,
Edwards & Magee define a gap in the upward direction on a daily chart as follows.

>>>>Gaps on daily charts are produced when the lowest price at which a certain stock is traded any one day is higher than the highest price at which it was traded on the preceding day. When the ranges of any two such days are plotted, they will not overlap or touch the same horizontal level on the chart.<<<<

I've read quite a few books on T. A., and they all define gaps in this manner. What you have shown is not a gap.

If you were to look at an 1 minute intraday chart of those 2 days, I suspect you would see a gap there. But gaps are common on intra charts of thinly traded stocks & have very little meaning.

Jer