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Z-Axis

06/18/10 9:18 AM

#2169 RE: Recognizer #2166

I see what you're saying. I'm thinking that this one might be like the 3rd sentence in the footnote:

Conclusion
There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives.


I'm not trying to pump, or go about this with rose colored glasses, but the big news is still out there - and this has hardly even moved from the moving average given the situation.

Good luck all,
Zenner