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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (5594)1/7/1999 12:18:00 PM
From: Jay Lyons  Read Replies (2) of 43080
 
Scott-

Yet another Gap question.

Today many of the movers opened Gap down, and reversed on a dime. By 10:00 or 10:30 figuring gap triggers on those stocks is pointless, as they're way above the open, let alone the average of the open and the low. ONSL is just one good example today.

Do you just let them go, or do you have a strategy for getting into them? I have occasionally treated them as modified ups if they're really running, but I'm not comfortable with it.

TIA

Jay
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