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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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The Ox
To: Qone0 who wrote (31945)7/29/2021 2:17:37 PM
From: ajtj993 Recommendations  Read Replies (1) of 45962
OK, Centerpoint (or Centrepointe, if you're Canadian) Gap Theory is when you have the start of a strong uptrend, get a daily gap up, a day or three consolidation, then another gap up and close higher.

Take the centerpoint as the middle of the consolidation on FCX between the gaps, which is about $36.22 (I figured it wrong before). Subtract the $31.36 low from it, and add it to the centerpoint to get the target high, which is around $41.08:
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