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To: Leland Charon who wrote (581)	10/12/2000 11:18:55 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

"...I find stocks that have gapped open above the previous days high..." That's a very good idea. I presume then you will look for a quick pullback to confirm support at the previous day's high and then off it goes on a trend day up? Conversely, you can short stocks that open below yesterday's low, make a failing bounce to resistance and then clunk? Teresa

To: Leland Charon who wrote (581)	10/13/2000 8:35:31 AM
From: Jerry Olson	Respond to of 8925

Morning Leland.. me too<g>..i trade the gap up, fill and then the reversal back up..it's a nice 3 stick pattern i use each day.. what's nice about it, is the stops are right under the tail of that doji or narrow range bar..sweet trade..excellent risk reward trade... some times stronger stocks, news driven as you say will not completely fill the gap, so i play them a bit different. I wait till they take out the high of the day to be sure.. and in all instances for me..it's the volume associated with this thrust up...i use the 65 day average volume column on QCharts and place my daily volume right next to it..so i can see if there's heavy buying associated with the move... and yes..it works both ways on gaps down...nice..i try to find 1-2 set ups and take my profits early for my days pay<g>..then go elephant hunting later in the day for a perfect set up to make maybe one more trade... hope your doing well.. regards OJ