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Pastimes : Triffin's Market Diary -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (210)	3/27/2003 7:58:57 PM
From: Triffin	Read Replies (1) \| Respond to of 869

BC: MORNING TRADE A greater than 50% gap of previous day's range would be a sell at open if gapping down, buy at open if gapping up. 86% of all 1% and lower gaps fill within the first hour. 68% of all 1-2% gaps fill within first hour If a gap is not filled within the first hour then only 4% fill thereafter into the day .. ie the direction of the gap should be your trade bias for the day .. The best time to enter a gap counter movement is 9:36 and most gaps fill by 10-11 am.