3 day gap theory on cnp, sgm, fmg, wpl, wow, page-50

Hi cdmtdm,

First of all that "Gap Theory" wasn't mine. I just read a book by Steve Nison "Beyond Candlestick" and share it here.

Not my idea, just a thought from the expert and I posted it here to share. LOL I wish I am that good :P

The book said, if a gap is not filled within 3 sessions, there should be 13 more to go in the gap's direction. If she gaps up, no close below the gap in 3 days, it means the bears has had 3 sessions to try but fail, so the trend remains strong, vice versa.

Yes, NGF looking bullish, there was a doji yesterday, hit the gap, but boucned back, and today, a good white candle stick, so I think short term she is bullish.

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Sorry Dorc, I missed your post, but yes you are right, CDU 3 days gap theory again. Well done.




Cheers,

Selmax.