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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (4449)	6/7/2001 4:05:04 PM
From: JRI	Read Replies (1) of 209892

I'm just eyeballing here....but if the SOXX gaps up tomorrow (say from 696 to 725)....that would mean a 25% gain in 6 trading sessions (580 to 725)....which would equal (% basis) the longest part of the move in April.... Don't know how many days that April move took...will have to go look... My point? I feel better about shorting any gap.....25% is a long ways in 6 (or 7?) sessions, even if its still going up....pretty decent r/r...

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