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.