if you look at my image of the GDX you will notice that any
major gap(in purple) like the one we had today usually gets filled
very quickly......the odds favor that we fill this gap first before
moving higher.....maybe even a medium term top that gets put in
place
the pink circle is the only one that did not get filled
Of the gaps that were closed, the average number of succeeding
days that had a higher intraday high than gap day is four. All gap
up days had at least one successive higher intraday high. Sample
size is only nine, though, so what we can infer about the present
gap is less secure statistically.
GDX and gaps
Posted by rank10 on 4th of Nov 2010 at 10:31 pm
if you look at my image of the GDX you will notice that any major gap(in purple) like the one we had today usually gets filled very quickly......the odds favor that we fill this gap first before moving higher.....maybe even a medium term top that gets put in place
the pink circle is the only one that did not get filled
For the nine gaps that
Posted by frtaylor on 5th of Nov 2010 at 11:11 am
For the nine gaps that were filled, the average move from the gap to the highest intraday high was $2.79.
TNX for the posts -
Posted by dpack on 5th of Nov 2010 at 09:44 am
TNX for the posts - currently holding 50% of long post w stop @ gap
Of the gaps that were
Posted by frtaylor on 5th of Nov 2010 at 09:13 am
Of the gaps that were closed, the average number of succeeding days that had a higher intraday high than gap day is four. All gap up days had at least one successive higher intraday high. Sample size is only nine, though, so what we can infer about the present gap is less secure statistically.
Great analysis, thanks rank10.
Posted by frtaylor on 5th of Nov 2010 at 09:03 am
Great analysis, thanks rank10.
GDX and Gaps looks intresting
Posted by kattap on 5th of Nov 2010 at 12:24 am
Thanks for the post looks very interesting. Cant Short GDX in my IRA, will buy some puts 58 strike 2-3 months out.