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When to Ignore Gaps


(By Arthur Hill)

Nokia is a $49 billion company that trades on the NYSE - as an ADS (American Depository Shares). Nokia also happens to trade on the Nasdaq OMX Helsinki. Yes, Nasdaq bought the Helsinki exchange. Anyhow, this means Nokia starts trading long before the NYSE opens. Because prices have already moved in Helsinki, there is usually a gap on the open in New York.

Note: This is an educational post featuring a technical analysis technique.

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