worried about the gap

I've been having a good look at the chart for EXT.

If you're a "trade in / trade out / trade in" person then this may interest you.

I mentioned yesterday that the bollinger bands were splaying wide open, spreading wide open in the manner we only like to see under more intimate circumstances.

Now I think to myself, well it has to pull back, that's the way of things and it is a healthy thing to happen. It needs to do this before the next run up.

When I examine the 14 week MA and the P&F charts and I look at the gap between 3.2 and 3.3 I start thinking that the odds of another tickle of 3.2 is looking more likely. This is will be more likely as volumes drop off.

This is good if you want to accumulate and if you missed out on the last run up, you have a second chance .

If you're afraid on missing out on the run then ignore this post and sit back an relax, as I have said before, this one has legs.

In only a few months the 3s and 4s should be distant memories and we'll be .... where? 6s? 7s? 8s? dare I dream ... 9s?