Just wanted to get off that long thread. Juma? You really are right about the gaps getting filled, but after two months? I've never heard of that. Anyway, there actually might be a pullback. The market is a little toppy right now and IBD is expressing the word of "caution". And 95% of the time, going into summer is NOT a good time to own stocks.
Yeah I said that, but now I'm looking back at how TSCO behaves during the summers: Summer of 07: Down. Summer of 08: Down but recovered in late July. So you might say "flat" (This year was wild.) I"m gonna say it started down in March, from 20 and hitting 15 in july where it went straight up. I'm calling this one flat.
09: DOwn at first, but then finished up in July. 10: Flat 11: Spiked in June. then down. ended at 60. I"m gonna call that "down".
Three downs and one flat. not very encouraging.
disclaimer: I couldn't see the exact month markings on the graph. so YMMV if you look at this.