A morning gap occurs whenever there is a difference in price between the previous day’s close and the open in the morning. Theoretically, there are really two of these types of conditions that occur. A true gap is where the open is above or below the previous day’s high or low respectively. On a daily chart (chart provided compliments of TradeStation) this would leave a hole in the chart as in the image below.

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EminiForecaster

The saying if at first you don’t succeed try and try again really does not tell the whole story. What it should be is If at first you don’t succeed learn from your mistake adjust your strategy and of course this should be measured against people who are successful at what you want and then try again. However this is a bit of a mouthful and doesn’t have the same ring to it. The original version and the more commonly used version if taken to its strictest meaning can cause misery and carnage. I think...

Igat