DESC Gap Fill
By Johns Wu on Aug 17, 2005
Knight Trader’s DESC post caught my eye today. DESC is on my watchlist, but i never really bothered to pull up the chart.
like knight trader says, DESC may be trying to fill the gap indicated in the chart. if it does, i’ll probably try to enter a position as close as possible to the bottom gapline. the closer to the bottom of the gap i can enter, the lower the risk i assume.
i still don’t really understand the inner workings behind the "gaps must get filled" concept, so heres a gap tutorial i found on stockcharts.
good luck tomorrow. i hope a low-risk buying opportunity will present itself tomorrow in DESC.
UPDATE: unfortunately, DESC has become a runaway gapup, and i missed out on a lot of gains.
2 Responses to “DESC Gap Fill”
don’t worry, it’ll probably come back down within 1-2 weeks to fill that gap. Sometimes it just retests the top of the gap and go up just to come back down to fill it later on.
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What size of investment are you sitting on? 500000+?