Replies to post #6676 on The Black Box

[augieboo]

BULL, I think you might find the following interesting.
It's from a web site called "The Hard Right Edge,"
(http://www.hardrightedge.com) which is the creation of Alan
Farley, author of The Master Swing Trader, (one of the
best books out there for the hard-core trader),
( http://www.traderslibrary.com/moreinfo.asp?item=11668&SID=&lc=bestsellers_homepage ),
( http://www.amazon.com/exec/obidos/tg/detail/-/0071363092/qid=1066587492/sr=8-1/ref=sr_8_1/103-388294... )


**********************************************************
**********************************************************
"THE GAP PRIMER

Gaps are shock events that jolt price up or down and leave an "open window" to the last bar. Market folklore (such as the infamous "gaps get filled") seems to offer guidance, but in reality it has little value. After all, many gaps never get filled. So how can we use these one-bar wonders to make good trades and increase profits?

The first thing to do is figure out what kind of gap you're dealing with. It should fall into one of these three categories:

-- Breakaway gaps appear as markets break out into new trends, up or down.
-- Continuation gaps print about halfway through trends, when enthusiasm or fear overpowers reason.
-- Exhaustion gaps burn out trends with one last surge of emotion."

see remainder of article at http://www.hardrightedge.com/wheel/hregaps2.htm

[dieselfuel]

"Then 04 could be a barn burner"

That's what I'm hoping for.

I think the way to screw the most amount of people, would be a slow bleed down to the 63ma, like you suggested. That would burn my a**, because I'm about 85% invested. I'd like to see some up this week, so I might raise more cash.

I'd like to buy NENG if it pulls back and I have cash.

Edit: Actually, I'll have more cash in a month or so, and I'll buy then. I'm starting to over analyize things and need to remember what Wahz says: "error on the side of bullishness".


"Did you figure out how to post charts yet?"

Ilooked at that page breifly, but haven't tried yet.
I'll check tonight.