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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 (8840)	11/20/1998 10:18:00 AM
From: coug	Read Replies (1) \| Respond to of 44573

Scott, At the end of this up trend. On the 30' ch, I might guess that this is an exhaustion gap as trapped shorts finally capitualate. Close at upper end of bar.. open below middle, and at end of up move BWDIK> Common gap = Open, close equal after no real trend. will be filled. Breakaway gap= Start of new trend when open, close equal but both at END of bar in direction of move

To: SE who wrote (8840)	11/20/1998 10:20:00 AM
From: Tom Trader	Respond to of 44573

Morning Scott-- Access to SI is better this am but I am busy with other matters and so will not be available through much of the day. I did not short the gap today mainly because it was well over the resistance that had been holding it down. It does look like it is tiring a bit right now and a short may be in order at about the 65 level with a view to picking up about 5 points -- though a safer trade would be to go long if it pulls back somewhat to the 59-60 level. Options expiration complicates matters Good luck -- in case I don't talk to you today