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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (3155)	8/2/1997 5:46:00 PM
From: sean sanders	of 42787

To ALL: Been wondering this for awhile... lets say that I have a few stocks that I may want to 'look' to narrow down as the next trading day starts. Is there a "confidence" level one can get from seeing the first happenings of a trading day ... such as... 1. stock gaps up above close(yesterday's) ... above high(yesterday's) 2. stock opens below close(yesterday's) 3. stock opens then starts to move down within first ~hour 4. stock starts to move up after it opens 5. stock opens at yesterday's close What I'm wondering here is lets say I might want to get in on XYZ stock... if by seeing one of the above(1-5) is there a "more" likelyhood that the stock will continue in the positive direction. I have found out that by "paper" trading that sometimes when a stock opens below it's previos close and starts to go down... this is a bad sign also when a stock just opens below close this may be a bad sign... if someone could help clarify these "occurances"... much appreciated... Sean Sanders

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