SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Raptor's Den
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: velociraptor_ who started this subject3/18/2003 9:38:52 AM
From: GrillSgt  Read Replies (3) of 10157
 
Today is day 5 of the current up cycle and with mid cycle highs due tomorrow or friday, I look for maybe a small push higher today. We are gapping this morning and remember the following:

0-1% gaps 86% fill within first hour. After first hour only 4% fill.

1-2% gaps 68% fill within first hour. After first hour only 4% fill.

Greater than 2% gaps fill less than 50% of time during day.

have revised the previous rules of using prev day range since I was able to get good backtest data from a friend over last 3 years of qqq,dia,spy.

Therefore if we don't fill gap by 1030 then jump on buy inside of gap and look for a move higher.

I suspect we fill the gap this morning and then recover.

ES A break of 855 down should bring 852 and 849. Trading above 861.50 keeps the bulls firmly in control with 870 and 881 the targets. We do have some resistance at 875-76 area which could halt current run. Anything over 870 and we are very technically extended...but does that matter right now.

NQ Appeared to be exhausted after yesterday' early morning ramp.I look for 1103 as tops for a target today. Expect resistance at 1095 and 1087 too. A move back below 1071 could bring a move down to 1059. Look for the bulls to jump back in here. 1047 is extended target and unlikely.

Dow 8150 was big o/h so now we look to to the big 8250 resistance. Trading above 8000 keeps the bulls in control. Only a move below 7995 does the current rally cast some doubts. Look for bounces in there.

I suspect we fill the gap this am then trade a little lower before mounting another mid morning rally back up though the fed meeting. Look for buy ops near 852 and NQ 1059.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News