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Author: zoningfool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36696  
Subject: JAVA--Janny's Gap Target Date: 4/7/2009 5:23 PM
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Hi Guys--haven't posted here for awhile, but I've continued to use Janny's Gap Theory on the stocks I follow. As a reminder, the gap theory that Janny posted about here on the Short-Term Trading Board works as follows (feel free to correct me):

On a gap-up day, take the LOD on the day the stock gaps up and subtract the HOD from the previous day to determine the "gap". Add this gap to the LOD on the gap-up day to determine the "gap target".

On a gap-down day, take the HOD on gap-down day, and subtract it from the LOD of the prior day to determine the gap. Subtract the gap from the HOD on the gap-down day to determine the "gap target".

Most recently, it worked perfectly on Oracle, now I'm looking at Sun Microsystems (JAVA):

LOD on day prior to gap: $8.30
HOD on gap-down day: $6.72

= gap of $1.58

Subtract $1.58 from $6.72

= gap target of $5.14

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