Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: keith massey who wrote (14229)	5/24/1999 10:58:00 AM
From: Shaw	Read Replies (1) of 62347

Hi Keith, > "The safest long is when the gap down has been filled with a gap up"> I've been looking empirically at the 30 minute Breakout rule specified in Bernsteins book "Daytrading Strategies 2". It says, in terms of down gappers: a stock is poised for a breakout if it gaps down and then after the first thirty minutes of trading the stock is trading above the high of the first thirty minute price bar. I've noticed this pattern has worked with GEM-T over some of its large trading sessions in the past. Have also read that it works with some of the large NASD traders in the US. Wondering if you have any thoughts, or if you could elaborate on times or signals you use with your "safest long" strategy. Dean

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