Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (25136)	7/10/2000 3:53:53 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

I only know of watching Globex before the open. There are some tricks to this to manage those "surprise" moves right before the open that me close what would of been a gap, or open one up for the open. Bob Graham

To: Chris who wrote (25136)	7/10/2000 4:18:19 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

Chris, >>>>> is there a trick way to see if we will open gap up or gap down? before we close today? <<<<< Actually, I did a quick study on it about a year ago in relation SPECIFICLY to my short-term technicals. It gets a bit complicated since it depends on where my short-term technicals are. The correlation was only fair, about 60% of the time.

To: Chris who wrote (25136)	7/11/2000 8:25:04 AM
From: Gersh Avery	Respond to of 42787

Hi Chris re hints for gaps .. The information will be very thin into a close about the next morning. Three item come to mind that provide hints. First would be the slope of the SP00 going into the close. Yesterday the slope turned south only in the last five minuets or so. This south slope continued after the bell until futures closed. Second would be the slopes of currencies futures. These closed yesterday then opened gap up at 3:30. This would indicate a weakening of the dollar suggesting a lower open for stocks in the AM. Third would be the slope of trin, trin.ny and trin.nq. These volume biased indicators were trending up as we closed. Again suggesting a weaker open. All three indicators are weak and can change overnight. There values for predicting the next morning open are very limited. Another indicator which would help might be PREM. Many automated buy/sell programs are based on prem. If the futures have fallen into sell program area and the programs have not had the time to run and the futures stay in the sell program area overnight, then the selling will start at the open the next morning. As was the case at the close of futures yesterday.