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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (118277)	12/6/2000 11:43:36 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

CHKP.. nice one from the get go marketgems.com 4> CHKP - Checkpoint Software Price= 73.9 Volatile stocks like CHKP can have triggers in the opposite direction of a morning gap. For example below CHKP gapped up on Monday but moved down on following 5 wide range 15-minute bars. On Tuesday, however, the trend was so strong that although CHKP gapped up, it triggered IN THE DIRECTION of the gap up as a bullish runaway gap. Wednesday, we can have a situation with a morning gap up (exhaustion gap up) or a gap down and continuation of more bars to the downside. Take at least 3 5-minute bars for your entry set up.