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steviee

07/29/04 1:26 PM

#277462 RE: hightecheast #277460

History repeats itself :-}
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LG

07/29/04 1:28 PM

#277465 RE: hightecheast #277460

KenW: You will have to asked one of the 4400, as one of them was sent back with that information...gg

Regards,
LG
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LG

07/29/04 1:34 PM

#277470 RE: hightecheast #277460

Ken: While I often agree with Alan, well here is his view...

http://www.esignal.com/education/likepro/archive/0203/020703.asp

InEdit: Allan Farley is "TraderAlan" on SI.

Regards,
LG

PS: Write a book, become an expert...gg (Just kidding Alan)


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Zeev Hed

07/29/04 1:37 PM

#277474 RE: hightecheast #277460

Just historical evidenc, no source...just got in MAGS here at $14.62.
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Newly2b

07/29/04 2:25 PM

#277507 RE: hightecheast #277460

In candlestick charting, "gaps" are called "windows". There are rising (bullish) and falling (bearish) windows and the rule is to trade in the direction of the window because they are considered continuation signals (buy the dips on rising windows, sell the the bounces on falling windows).

Price corrections tend to stop at the windows (a rising window will act as support on pullbacks and a falling window as resistance on bounces), which often results in the window being "closed", thus the belief that all/most gaps are filled. If/when the window is "closed" and price continues beyond it, the sup/res is overcome and the current trend dictated by that window is finished.

A bit over-simplified, but hope this helps. See Nison's books on candlestick charting for more info.

Newly