will it gap fill, page-9

Hi Mikey,

I agree with Slappi and that what you need to understand IMHO, is that we have a "Breakaway Gap". See definition of "Breakaway Gap" and URM chart below.

Also read below what can happen if you wait for a "Breakaway Gap" to be filled.

Mikey anything can happen so if you want to wait for the "Breakaway Gap" to be filled good luck to you. Difference of opinions is what makes a good horse race Mikey and my bet is on "Breakaway Gap". Time will tell....

Cheers,
Brantley

From stockcharts.com:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis

//"There is an old saying that the market abhors a vacuum and all gaps will be filled.

While this may have some merit for common and exhaustion gaps,

holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move.

Gaps are a significant technical development in price action and chart analysis, and should not be ignored."//

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis

//Breakaway Gaps

Breakaway gaps are the exciting ones.

They occur when the price action is breaking out of their trading range or congestion area. To understand gaps, one has to understand the nature of congestion areas in the market. A congestion area is just a price range in which the market has traded for some period of time, usually a few weeks or so. The area near the top of the congestion area is usually resistance when approached from below. Likewise, the area near the bottom of the congestion area is support when approached from above.

To break out of these areas requires market enthusiasm and, either, many more buyers than sellers for upside breakouts or more sellers than buyers for downside breakouts.

Volume will (should) pick up significantly, for not only the increased enthusiasm, but many are holding positions on the wrong side of the breakout and need to cover or sell them.

It is better if the volume does not happen until the gap occurs. This means that the new change in market direction has a chance of continuing. The point of breakout now becomes the new support (if an upside breakout) or resistance (if a downside breakout).

Don't fall into the trap of thinking this type of gap, if associated with good volume, will be filled soon. It might take a long time.

Go with the fact that a new trend in the direction of the stock has taken place, and trade accordingly.//

http://www.investopedia.com/terms/b/breakawaygap.asp
Breakaway Gap

URM Breakaway Gap Chart