Mixed Reaction

Before a final time elapse

There will have been at least two gaps

During gaps, folks time they’re biding

While a dozen halt their sliding

When a certain red line is crossed

It means that you may have just lost

A masked man sometimes saves the day

Stopping projectiles aimed his way

The appearance of a red light

Brings both vexation and delight

What am I?

Check Braingle.com for the answer.