Classic gap resistance !

[asylum]

classic gap resistance has formed on FTSE for anyone learning. have a look.

[asylum]

sorry support

[#3]

What do you mean by gap support? Teach me oh looney one.

[#4]

where can i get more info on Gap resistance???

[Preston]

investopedia.com

[Preston]

investopedia.com

[asylum]

wardog do you have the ftse 1 min chart in front of you

[Preston]

http://www.investopedia.com/search/results.aspx?q=Gap+resistance&submit=Go

[#9]

Yep

[asylum]

can you see the gap that has formed

[#11]

thanks man

[#12]

Are you talking about the most recent significant one - just after 12 their time?

[SKALA]

Nee boet ek sien F all! Using GT247.

[#14]

just read up on gap resistance. R we heading towards the 6100 level

[asylum]

The Japanese have a saying " corrections stop at the window (gap). when a rising window (gap) occurrs the entire space of that window is considered as a support area. so if you have a long position and a rising window (gap) has just formed you can expect that window to act as support. if the price goes back down into the window but does not close below it then support has not been broken, hope that makes sense.

[#16]

Makes perfect sense. Thanks.

[asylum]

wardog at 11.35 their time is a huge upwards gap.

[asylum]

sorry at about 11.08 their time starting to double here.

[#19]

Ther chart I'm using isn't exactly brilliant, but I see what you're refering to. So the theory is that we shouldn't see a drop below that otherwise we're back in the brown stuff?

[asylum]

http://www.livecharts.co.uk/MarketCharts/futsee.php this is a free live chart once the chart has loaded on the top right hand corner of the chart it says detach click on there and it will open in full in a new window then you will see exactly what im saying, and look at 11.08 their time you cant miss it its huge. let me know how you get on.