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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (8092)	4/29/2000 1:26:00 PM
From: Dominick	Read Replies (1) \| Respond to of 18137

OZ: << the nibbling starts right after the bell and within minutes it turns into full blown devouring.>> That's amazing! Trader VicII "Principles of Professional Speculation" page 231 states that in the first 10 to 15 minutes gap reversals occur 95% of time. Depending on fair value, the most active stocks normally gap up at the open and most likely retrace enough to trigger stops. And so the rush to get back in. You would think that the small nicks plus commissions would be avoided if they waited 10 to 15 minutes to see if the move proceeded in the direction of the gap beings their holding from 1 to 3 days. I should talk....I make a better coach than a player. Dominick