LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Jay Lyons who wrote (7005)	1/22/1999 2:20:00 PM
From: eik	Read Replies (2) of 43080

Sorry to interfere in your discussion, but my understanding of "GAP classics" (Jake Bernstein and Lastshadow) - the price triggers should take into account yesterday's low and high as well. According to Bernstein you should buy gaps down (sell gaps up) if stock price penetrates yesterday's low (high). So, I use for quick buys (GAP down): q.buy=0.5*(open+min(yest.low,1st_hour.high)) and similar formulas in other cases. Check out geocities.com for daily examples of Entry Points. Good luck.

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