Or maybe 20. I might have missed one or two small ones, but I see 20 gaps in the daily SPY chart in the past six months. I don’t know what the record is for gaps in a six-month period, but this seems like quite a large number. All of these gaps have been filled except for the ones I am about to mention. The gaps from today and Monday have not yet been filled. The gap from November 21 hasn’t been filled in the classic sense because today’s gap open leapfrogged that hole. Finally, the gaps from July 8 and July 27, around SPY 135 and 134, haven’t yet been filled. Bulls and bears are going to fight it out to see which gaps get filled first.

http://www.youtube.com/watch?v=BfOdWSiyWoc

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