News Focus
News Focus
icon url

steveftw

09/28/04 11:10 AM

#302034 RE: ajtj99 #301816

Gap Theory - interesting concept. Have you had the opportunity to see what kind of pullback towards the gap "usually" is the right entry point? Like is it a confluence of support/resistance; intra-day sto's/rsi's topping or bottoming; both, or dunno?

Rig looks like an interesting long with a pullback, and as you alluded to, the market is full of shorting opportunities when we work off the O/S condition today or tomorrow. Not much bounce so far, though. Nothing close to Pivot Point R-2's, for example.
icon url

brainlessone

09/28/04 11:15 AM

#302038 RE: ajtj99 #301816

what i have seen is that gaps below in a bullish flag will be filled but just barely, ususally with a spike down