ES Journal Archive (2006 - 2008)

[JimmyJam]

Quote from saxon22:

what is HOD?

It's High of Day ... and he might be right.

JJ

 

[volente_00]

gap fill from the other day

http://finance.yahoo.com/q/bc?s=^GSPC&t=5d&l=on&z=m&q=l&c=

 

[volente_00]

out half at 1468.75


stop to Be

 

[mbusch]

HOD on high volume + pullback on low volume = bull flag?

 

[JSSPMK]

What is the reasoning behind closing price gaps apart from statistical ones?

 

[volente_00]

it was a point in the past where sellers were anxious to sell for less than the previous close so it represents a short term resistance.

 

[JSSPMK]

Sorry, still don't get reasoning behind gap closures, what's the point of taking price to close gap?

 

[elovemer]

triangle break out

 

[BoyBrutus]

Quote from JSSPMK:

Sorry, still don't get reasoning behind gap closures, what's the point of taking price to close gap?

Well within the gap the gap there is no resistance, a vacuum so price should hit the other end, above it vol's reason and trapped longs.

 

[volente_00]

there cause a short term inefficiency that over time usually gets filled as the market corrects the inefficiency they created