A LOOK AT GAPS W/ FAS

FAS CHART W/ GAP:

1. THERE IS A GAP TO THE UPSIDE OF FAS THAT NEEDS TO FILL. THIS CHART IS LOOKING OVERSOLD AND READY FOR A BOUNCE ESPECIALLY AFTER LAST WEEK'S MARKET DISASTER THE CNBC PUNDITS STILL CAN'T FIGURE OUT.

2. THERE IS A PINCH ON THE CHART AS WELL. PINCHERS ARE VERY BULLISH.

A LOOK AT GAPS W/ FAZ

FAZ CHART w/ GAP:

1. THERE IS A GAP IN THIS CHART AND I WILL ILLUSTRATE IT AS I WANT TO SPEND SOME TIME ANALYZING GAPS AS THEY CAN WREAK HAVOC ON US ALL.

2. TRADERS SEEM TO HAVE DIFFERENCES IN WHAT TECHNICALLY FILLS A GAP. IS IT THE CANDLE BODY OR THE CANDLESTICK WICK / TAIL?

3. ACCORDING TO THE FOLLOWING INFORMATION, FAZ CLOSED ON 5/03 AT 11.65 AND OPENED AT 12.07 ON 5.04. AT THE TIME OF WRITING THIS THAT GAP HAS NOT BEEN FILLED. I WILL OUTLINE IT ON THE DAILY CHART AND THE 60 MIN CHART.


2010/05/04 opened ->12.07 12.72 12.00 12.52 107,791,826
2010/05/03 11.93 12.08 11.54 11.65 <- closed - 61,871,810