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Strategies & Market Trends : NetCurrents NTCS

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To: Leland Charon who wrote (627)	10/17/2000 12:46:35 PM
From: Teresa Lo	Read Replies (1) of 8925

"I will often buy a quick pullback on a gap opening to some support. I will also buy a range breakout too. These are especially bullish when a stock that gaps open doesn't pull back very much." Leland: Sorry for the delayed reply. I have been fighting some fires here! When you play the gaps, do you use some sort of criteria for the price action of the day before, such as XYZ stock has to close within a certain percentage of the high end of the trading range? Does it have to be in an uptrend on the daily chart? I think many traders us these types of rules, and even set scans for these types of action, and I'd be interested in finding out more. Teresa

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