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"Experience is a hard teacher because she gives the test first, the lesson afterward." - Vernon Law
 
SJX-8MQsW.png
 
(VIDEO) "The Trading Game" WLS 7 Chicago-1987
This program features the CME, CBOT, & CBOE and its traders from February, 1987. This video is from the original airing and includes the commercials.​

 
There's more to this mathematically/logically; but I don't really feel like typing it all out--but this article does touch on it:

(But first, I will say this.

In order to conclude, scientifically, that "gaps get filled," one would have to compare 'gaps being filled' vs. days where the price "filled" even when there was no gap. IOW, if price tends to revisist prior ranges--regardless of whether there was a gap--then the conclusion is gaps are pretty much meaningless.

A casual glance at any chart will reveal, yes, prices tend to repeat.

Imagine erasing parts of severals candles on any chart in order to make artificial "gaps" where there were none prior. What do you now see? That's right--filled artificial gaps.)


​
To date, I've never found any rigorous (or any, for that matter) 'gap studies' supporting the alleged 'gaps get filled' phenomenon.

I know this subject is sacrosanct to some and thus, these facts probably won't matter to those folks. :)


 
I always figured it was self fullfiling prophecy. The only reason charting works is because people expect it to work. :rolleyes:
 
(VIDEO) Austin bombings suspect killed himself with an explosive device after confrontation, police say
https://www.cnbc.com/2018/03/21/austin-bombings-suspect-reportedly-shot-by-police.html

  • The suspect believed to be responsible for a series of bombings in Texas has been killed following a confrontation with Austin's Police SWAT team.
  • "The suspect is deceased and has significant injuries from detonating a bomb inside his vehicle," Interim Police Chief Brian Manley told reporters early on Wednesday morning.
  • The confirmation follows earlier reports that the suspect in the Austin bombings was down and "neutralized."
 
(VIDEO) Limit Up Richard Martini Director's Cut

"Limit Up is the title of a 1989 film starring Nancy Allen as Chicago commodities trader Casey Falls. The film was directed by Richard Martini and produced by Jonathan D. Krane. It was filmed throughout Chicago and prominently features scenes at the Chicago Board of Trade and Wrigley Field.

Rance Howard, Dean Stockwell, blues icon Ray Charles and Saturday Night Live alumni Danitra Vance and Brad Hall round out the cast. Additionally, actress Sally Kellerman makes a cameo appearance as a nightclub singer. John Tesh scored the film."

-- Wikipedia.com

 
FYI: (Another) Recent potus tariff announcement (stunt, bluff or otherwise) currently causing market tankage. GL.
 
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Update- that NEW Trump announcement of $100 billion in additional tariffs against Chinese sends futures DOWN 400 points in after hours trading.


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userque said:
SJX-8MQsW.png
Click to expand...

I remember that day. If ONLY I had bought AAPL at the 36 shown-) before the splits started-)!

I was a young kid, with like $10k in the market, that turned into $6k in an hour. That hurt. I had shares in a couple small companies, but I was not smart enough to pick anything with a future. I had like 4 different companies- and 3 of the 4 were either bought out or went bankrupt not long after that. I should have bought Apple computer shares- i had just bought my first Macintosh 512ke not long before this.

Apple has since split so many times, it would be worth a lot today... ( one oct 1987 share at $36 would be worth $1,007 a share today).



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Ha! I didn't 'get into trading' until the mid-90's.

I witnessed the dotcom and circa 2008 crashes. During the dotcom crash, I was active in the MyTrack chat forums. It was an experience witnessing folks melt-down, real-time, via the chat rooms. History repeats. Not 'if;' but 'when.' GL to us all.

James48843 said:
I remember that day. If ONLY I had bought AAPL at the 36 shown-) before the spilts started-)!

It has since split so many times, it would be worth a lot today...



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