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

To: eik who wrote (7074)	1/25/1999 10:25:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Long ACTC (eom) ls

To: eik who wrote (7074)	1/25/1999 4:47:00 PM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

Okay, first off, quit apologizing everytime you post. Everything you've said on this thread as been well thought out and well presented. I've benefitted by looking at my justifications for trading as I do, and others benefit by being exposed to more than one approach. That being said... >WIND is not the gapper today, and I don't have any suggestions about Gap entries - besides the watching the daily supports and resistances. So you place your triggers for all stocks... or there are any criterions?< In my book, WIND was a gapper today, a big one. I don't rely on yesterday's high or low for a modified gap, but rather the closing. WIND gapped 5 1/4 from Friday's close and hence was a legit buy at 37 3/4 (average of open and first hour's high). We are using, I think, the same term in different ways. As I understand it you use "modified gap" to mean how you play a stock that opened higher or lower than its high or low the day before. I use the term to differenciate between a full gap (takes out high or low) and a modified gap (takes out closing). I may or may not use a modified gap trigger to play a full gap stock. Okay, your turn, and no apologies. <G> Jay