Replies to post #65177 on ajtj99's Market Pulse

[ajtj99]

SOX daily. You have to go back to 1996 to find so many open gaps at one time on the SOX daily. We have 3 open gaps. Here's what happened in 1996:

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[f,a]daclyyay[d19951118,19961118][pb20!b50!b200!c...

Here's the current chart:

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[e,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

Gaps above the 200SMA have the best chance of getting filled. The 3rd gap almost always gets filled (that would be the gap up from this AM).