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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (489)	9/18/1998 11:10:00 AM
From: Jay Lyons	Read Replies (2) \| Respond to of 43080

Morning Gaps: With the exception of MRK, all are Modified Ups. The gaps off the closing were so small that I'm not sure if valid trades will be produced. I'm using 75% up or down, plus 2 ticks. CSCO 60 5/8,61 7/8 IBM 125 3/8, 126 3/4 INTC 82 1/4, 83 1/4 LU 72 3/4, 73 3/4 MRK 132 3/4, 134 7/8 PFE 98, 99 3/8 Scott- Any gap in a storm, or does a gap need to be a meaningful one to qualify? Also...originally I had understood it to be the average of the high and low, but recently you used a 75% figure. Which, or if both, when? TIA, Jay