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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: SE who wrote (8667)11/16/1998 2:38:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 44573
 
Thanks -- but it's been a while

Like I said earlier trading against the gap with a tight stop, can pay-off unless the gap is in the same direction of a very strong trend -- the key is correct entry and then being willing to bail if it is not going to close the gap. Shorting at 44 today was a lucky break given that it was just a bit below the high for the day.

It would not surprise me if it rallied before the end of the day and the point to go long is now 38.20 on a stop. This entry can go lower but cannot go any higher for today