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Elan Corporation, plc Message Board

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  • MyStockId MyStockId Jul 3, 2002 11:10 AM Flag

    gap down & reversal to fill that gap is

    Gap downs in well behaved markets and/or stocks are many times filled with a reversal. In analyzing over 25000 stocks with an average of 10 years of historical data, I found a 71.6% chance of a revesal after a gap down. There were about 350,000 gap downs in the data analyzed. Unfortunately in today's markets who knows what will happen. Look at INTC for example. Two gap downs in the past month, and we're a long way from a reversal filling either. Best of luck in any case. I'm still long 20K shares in this dog.

 

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