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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: Leland Charon who wrote (10612)	6/24/1998 10:41:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 120523

The Gap Strategy says... Look at the market action about 10:30 and note the high and low for the morning. Then set a buy stop at the high and a short stop at the low and sit back. If the stock continues up, it was still a buy, if it corrects down and hovers in the middle, you don't get filled, which is ok, since you didn't want it if it wasn't going to continue up. The modified Gap Strategy says to set the Buy stop (only) at 75% of the range between the Open and the High - better suited for more experienced traders, as there is some risk of reversal at that level, but for the most part is effective. Jenna's post on Gaps was 10571 I think. lastshadow