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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: vegetarian who wrote (190)	1/5/1998 10:25:00 PM
From: TATRADER	Respond to of 18691

Thanks M.Carter on your comments on SNUS.....Gaps are something we live with...Here are the 6 commandments of a Day trader for gaps.... GAP STRATEGY 1. When a stock gaps down, set a buy order 2 ticks above yesterday's low... 2. When a stock gaps up, set a short order 2 ticks below yesterday's high.. Delayed Gap Strategy 1. When a stock gaps down, if one hour after trading, the present price is above the opening, GO LONG, BUY.. 2. When a stock gaps up, if one hour after trading, the present price is below the opening, GO SHORT, SELL... 1. When a stock gaps down, if one hour after trading, the present price is lower than the opening, set a buy stop order 2 ticks above today's high... 2. When a stock gaps up, if one hour after trading, the present price is higher than the opening, set a short order 2 ticks below today's low..