Replies to post #9853 on TRADING 04 FUTURES

[Qone0]

Trend, I don't see how to tell from that if the gap will extend or fill. I have been reading everything I can find on the net on gaps. No one seems to know if a gap will fill or not until after it doesn't.

Reading up on Gartly's gap theory now. Some interesting stuff on trends. If this turns out to be accurate at all we should be able to define ends of trends before they happen.

I'm coming close to snoots number, higher but close with this theory of gaps.

http://findarticles.com/p/articles/mi_qa5282/is_20081201/ai_n31108517/?tag=content;col1

SEEING THE END

According to Gartley's research, the measuring, or midway, gap will appear at approximately the 40% level of the entire move. By knowing where this level is in relation to the full move, we can calculate the point where we expect the move to reach fulfillment.

The formula behind this calculation is simple arithmetic and requires both the breakaway and measuring gaps to be in place. For an uptrending move, Gartley's formula is as follows:

E= ((L-B)/4(10) B

Take the low price of the second bar of the measuring gap (L) and subtract that price from the base price that preceded the breakaway gap (B). Divide the difference by four to determine 10% of the advance. Next, multiply die quotient by 10 to find the 100% value of the move. Add this number to the base of the breakaway gap (B) to determine the estimated endpoint for this move (E).

I come up with IWM 79.76 top, But i could have done it wrong..lol..