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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (24223)	8/13/1998 3:47:00 PM
From: ratan lal	Respond to of 94695

Don The stair step theory worked. Unfortunately the move up in the morning did not repeat in the afternoon so I could not act on it. There seemed to be no large movements after the first one in the morn, just short spurts up and down which are difficult to trade. As a matter of fact the whole day consisted of SHORT STAIR-STEPS. If the stair-step works tomorrow, I will attempt to take advantage of any large movements early on. ratan EDIT - IF you have the time, can you look at the 5-min chart on OEX. I see an H&S pattern. And if I copy the start of the left shoulder to the right, I see OEX going down to the 521 level tomorrow. Let me know if my logic is sound.

To: donald sew who wrote (24223)	8/13/1998 4:10:00 PM
From: Terry Whitman	Read Replies (3) \| Respond to of 94695

No original theories to present here, but an old one. A great opportunity for alert traders is at hand. Are you familiar with "gap" trading? Look at NAZ chart for the last 5 days: iqc.com Gap up on 8/7. Gap down on 8/11(tuesday). We have not yet closed this gap. Gap up on wednesday. We have not yet closed this gap either. Trending down since. Must be hundreds of stocks with same gaps. For those unfamiliar with the gap trading theory- In a nutshell: When gap up is closed, go long. When gap down is closed, go short. A great trading opportunity if ever I saw one. May the trend be with you, TW