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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: JJMM who wrote (152)	5/6/1998 9:51:00 PM
From: TATRADER	Respond to of 59879

One way is to set a stop 1/32 under the previous day's low... On USDI your stop would have been set for today at 3.30 that is 1/32 under the low yesterday of 3.40...The stock got to 3.37 as a low today, I believe....Mark Here is something all of you should save: It is very good and comes from Jake Bernstein, the gap strategy.... Today, a trader would have sold a long position in WAVX at 2 ticks below 3.30 which was yesterday's high...Name you should have been out around 3.21...Under Gap strategy, number 2 was the one that should have been played today on WAVX... 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 or sell 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.. Regards, Mark