actio-et-reactio
Balance is but a brief transition between extremes.
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Monday, January 14, 2002
Gaps Study
Sure gaps fill, but unless it is a "common" gap (ie, not a more significant exhaustion or continuation gap), it often doesn't fill the on the first pass.
Gaps aren't only about "filling", they also reflect important support and resistance price ledges that can be exploited by traders.
Here is the April gap study, which includes the recent rally gaps. The gap echo boundaries can be exploited, particularly for shorter term trading, as support/resistance points.
Labels: gaps
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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