Nov

7

Growing Gaps, from Jim Sogi

November 7, 2007 |

Gaps are growing in this new high vol regime we are in now. Today's 17 point gap down, and 16 points a few days ago are a good measurement of fear and a sign that things are getting wacky with dollar dropping to mid round, crude headed for big round. I don't know what it means but the numbers are eyepopping. I'm sure the day traders love it. 

Mean down/up gap last x days

Days 200     100    60   40     5
Dn  -3.7   -4.86  -5.7   -7   -10.5
Up   3.8    4.80   5.7    7.1   7.5

The recent median .75 is less than the mean .26 as reflected in the stem plot displaying the negative skew as a symptom of fear.

-24 | 8
-22 |
-20 |
-18 |
-16 | 763
-14 | 300
-12 | 8
-10 | 72
-8 | 222287620
-6 | 9521096432220
-4 | 7655333218765433
-2 | 9887752277654321
-0 | 888776655544333210009988875555532221

000 | 000011111111111111111112222222222222333333333333334444
000 | 55555555666666667777777778888889
001 | 00000001224
001 | 58
002 |
002 |
003 | 4

The decimal point is at the | for down gaps. The decimal point is 1 digit(s) to the right of the | for up gaps 


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