Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
If you remember back in January and February we had quite a few market gaps, and they were not quick to fill. Generally I have found for general indexes they fill within 2-4 months. But that is in a strong uptrend.
The one caused a week and a half ago by Apple’s earnings, is just about to be filled.
Apple itself is filling its earnings gap as well; about 1 point away. Individual stocks need not fill their gaps – it happens less often, but still is a common occurrence.
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