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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (41339)	11/20/2000 8:57:32 AM
From: SE	Read Replies (1) of 44573

What I am doing now, due to lack of a better way of handling what I have, is to manually examine the last couple weeks of the SPX. We had a basic one way down and then an A shape in the last couple weeks. Then I scan back at the two weeks prior to each WEEK 2 and try to find something that looks similar. 5-10-99 might be a bit of a stretch. 8-2-99 is pretty good, as is 12-22-97. 9-27-99 had a bit more down at the end of the week just prior to it than last week did, but it fits as well. The T simply means tail. 1UT is a 1 day up with a tail. On gaps, I define the TRUE gap as a day that opens above or below the high or low of the previous day. I have 7 BUY gaps and 7 SELL gaps. 5 of those are less than 2 points, FWIW. How do you further reduce the data on gaps? To be honest, I need a larger database and a better way of searching, but that is not in the works at this time. Looks like a TRUE GAP day in the making.

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