Archive Page 2

Analysis on gap-filling

Brett Steenbarger does some research to see if opening gaps tend to fill during the day.  Definitely of interest to Dummy traders.

Do opening gaps tend to fill?

WGSI

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RVBD

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ARRY

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ADM

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TXU

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SCHW

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PMCS

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PCTI

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NSSC

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Weak first bar, bars 2 and 3 slide closer to the MA5 and then the bottom falls out.  Volume was very low to start the day so it probably wouldn’t have shown up in many scans.

MEDX

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Two different hammers at the MA5 to go long against.  Both would have worked.

MA

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LCC

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BIG

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Retraced to MA5, broke through resistance at $21 and never looked back.

AGP

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