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

To: Terry Whitman who wrote (24228)	8/13/1998 4:26:00 PM
From: Major Tom	Respond to of 94695

Terry sounds interesting but with a gap up and a gap down open what do we do go both long and short? Major Tom

To: Terry Whitman who wrote (24228)	8/13/1998 4:31:00 PM
From: Major Tom	Read Replies (1) \| Respond to of 94695

Terry do you happen to know on average what percentage of times that that works for xx return within a certain time frame. Major Tom

To: Terry Whitman who wrote (24228)	8/13/1998 4:49:00 PM
From: P.T.Burnem	Respond to of 94695

In a choppy, trendless market like this, the easiest way to make money is to fade (large) opening gaps. I mean, if the Globex futures signal a likely resumption of the bull market, and Maria B. on CNBC is about to jump into your living room - don't hope, sell at the open. Chances are, you'll be able to buy it later in the day at a lower price. Same is true for down gaps, except that to minimize the risk one might buy half a position at the open, and the other half on a second dive (if occurs). PTB