Paychest Inc (PYCT)

[perc]

gap opens are fade opportunites
PPS usually reverses after a gap open

look at any chart any stock

http://pristine.com/aeduc/gap.htm

read George Angell, INSIDE THE DAY TRADING GAME

His best insight:
to make money, you must learn to think like a Market Maker.

Key times for reversals are usually:

open + 5 min
open + 10 min
open + 20 to 30 min
open + 1 hr

WHY is because MMs have MARKET ORDERS (BLANK CHECKS) to fill, so they of course open the stock HIGHER than the previous close

wouldn't you?

after all the market orders from idiots get filled, then the PPS comes back down to meet the limit orders - usually near the previous close

Mo may take the PPs slightly lower before it bounces

"TO INCREASE YOUR DOUGH, GO WITH THE MO"

LAST @ .0011 @ 10:40 AM est