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Strategies & Market Trends : LastShadow's Position Trading
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To: Jay Lyons who wrote (1910)10/30/1998 5:02:00 PM
From: LastShadow  Read Replies (3) of 43080
 
Mach6 Gap Lists:

I have run some analysis during the week to determine both the best way to use the Gap Lists they provide. Given that this is a relatively short sampling period and that it was an entirely manual effort, I made the following limitations: I only looked at the difference between the High achieved by 10:30 am and at 3:30 pm. In essence, this means I am looking to see what would have happened it one went long using the high before 10:30 am (the long gap strategy for full and modified, up and down) and exited at the high before 3:30. I was really looking to find out what area to concentrate on. Here are the results:

The NYSE had more profitable hits going long than NASDAQ in all cases except Partial Gap Down.

Almost every stock listed under the NYSE for Partial Gap Up was a profitable long gap play.

The NASDAQ stocks gave the fewest profitable, but greatest bounce for the Partial Gap Ups. In other words, only about ¼ of the NASDAQ Partial Gap Up longs were profitable, but that ¼ were the biggest bounce up.

Profitable Long Full Gaps Up and Full Gap Down were most common on NYSE high volume stocks, and most sporadic on NASDAQ.

I realize this may be a little too techy/mathematical for a lot of folks, so digest it a bit and pm me. I will collect the "What?" comments and see what I can do to make it a little clearer.

But the bottom line so far is that the best plays were long on Full or Partial Gap Up, and Full Gap down for NYSE high volume stocks.

lastshadow
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