Charting view, page-260

Prob more of a question for Soldier but my 2 cents worth...
Yes I believe it makes our position stronger...It is unsustainable that a stock can go up vertically..it will crash back down soon enough...its a much more sustainable position for us if stocks go up 2 steps and then down 1 step...rinse and repeat...now we get gaps (both to upside and downside) with euphoric news (or not so god news)...usually, but not always, these gaps get filled. Its healthy for stocks to come down in a deliberate and systematic/controlled way. Does it mean if the gap isnt filled we are stuffed? Now way...these are called runaway gaps and we have one back from earlier this year. (end Aug), certainly not the end of the world if these dont get filled and I have heard 70% of the time they get filled, so not always.

Im sure other more professional chartists can elaborate or cover anything ive missed..