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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Bagladdy who wrote (1806)2/5/1999 5:42:00 PM
From: Ken Wolff  Read Replies (1) of 2120
 
I always note everyday how are the gaps behaving prior to the open and at the open, both up and down. I find that by tracking this, it will allow me to begin to understand what I am faced with on a daily basis. In a strong market, I should see little selling at the open. Gaps will be climbing and be very stable at the highs.

When I see that I will always back off open shorting. After the open I then look for average pullbacks and consider any over selling a sign of nervousness in the market.

Ken
www.mtrader.com
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