Aside from the support and resistance lines drawn by connecting the lows or the highs, gaps are also levels of support and resistance. One nice example today is BRN. The gap up at 3.20 last Jan 21, 2008 serves as the resistance on the run up that happen today at BRN. The support was provided by the high of Jan 18, 2008 (3.05). If you intend to enter, wait for a retracement where resistance is 3.05. Support can be provided by the downward line connecting Feb 19, 2008 and March 12, 2008. It would be crossing tommorrow at 2.84. I'm just concerned that the support that will catch you is on a downward bias and will further slide down soon as you enter. Another scenario could be BRN will take out the gap therefore the best entry I guess is after 3.20 is taken out with volume.
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