August 4, '04. From the Mayoral campaign: "...and we'll even fix the potholes..."
And so does market action fix its price holes, even if it misses a few. A intraday swing trader can't afford to ignore the gapping price holes left on the bar charts, no matter newly created or long ignored. Click on the chart above to study today's action closely against that of a week ago. Price opened today filling the air space left from the week old gap, and then sold off again to close the gap completely, before an even sharper price reversal. Knowing where these price holes are each trading day is like having a road map around the downtown D.C. street terrain. Ignore them at your peril. Part of the training course for Pivots, Patterns and Self Recognition is a live, graphic chat room where these price holes are discussed each day. Come join us. Driving school is open.