I'm glad we haven't had a lot of talk here about

I'm glad we haven't had a lot of talk here about filling the gap. I just hate technical analysis, including the name "technical," which is part of the lore telling us that this is an ultra-scientific domain of learning. In fact it's just a bunch of superstition disguised as fact, but the truth is that so many people believe in it that it BECOMES true. People see a gap, tell themselves that the gap "must be filled," and without further ado they do the things that will fill the gap -- i.e., selling shares, because there is a gap that "needs" to be filled.

Of course the market is just a collection of opinions, a little like an election, and if you as a company can get people to vote for you by buying shares, then you win. It's not about facts. That's why one company can gainfully make millions without going up, and another company can give off an odor of success and have a p/e ratio of 50. And those opinions are influenced by the shared superstition of technical analysis. Enough people believe it, it becomes true.

I.e., yesterday we had a gap that had to be filled. Now it's gone. Let's go on.