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

To: peter n matzke who wrote (15801)	2/18/1999 12:57:00 AM
From: Patrick Slevin	Read Replies (3) \| Respond to of 44573

Well, it's not my work but the guy who did it is better than I. A "buy" gap should be taken but exited shortly after the filling of the gap. Then, a short should be entered between 10:30 and 11 EST ... A real Buy Gap is very negative. Upon Closing such a Gap a Sell should be entered. Suggestion; 1230ish area. Maybe even lower. After that, a Sell can be entered between 12 and 1 EST but around 2:30 you have to be wary of a bounce and ready to cash in for the day. However, you should see if the day is "setting up" for such a scenario prior to noon Eastern. In other words, if the market is coming off Lows during the noon hour I would not Sell it. Duh.