Unfilled gaps

Discussion in 'Stocks' started by efficiency, Mar 21, 2011.

  1. I use the Spider (SPY) as the proxy for the SPX.

    Gaps can't be forseen. Got nailed this morning. $127.76 to $129.35 with the flick of a wrist.

    Attached is a chart depicting (3) unfilled gaps.

    Anyone want to discuss unfilled gaps?
     
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  2. Allright, to start things off, I consider the intra-day low of the last day of the year as a focal point. A peg.

    In this instance, it was $125.33.

    That price point was pierced March 16th.

    Coupled with with a rising ATR (my definition of volatility). I became loosely bearish, with that unfilled gap on the chart as a tenative target.

    I say loosely since the number of new 52 lows is still behaving itself.

    Can YOU think of an unfilled gap on any index that remained unfilled?