Hi GR, It took me a while to figure out what that meant also. Here is a link with some good explainations about Gaps. Basically it is planning the trade in anticipation of a market reversal to 'fill the gap' or retrace to the level the stock or index was previously at. If there is a big gap down and we are seeing the Markets at a potential LOD or Support level then we might be inclined to 'fade the gap' or place a trade in the opposite position anticipating some retracement back up. If there is a big gap up and we are seeing a potential HOD or Resistance level then we look at a trade in anticipation of the market retracing back down. Whenever you see Bernard post about 'fading the gap' he is anticipating that the markets will make a reversal from the initial move so a trade against the gap might be called for. I hope this helps. http://trading-stocks.netfirms.com/gaps1.htm
As far as Osama's sons it looks as though the news might have been fabricated. It is getting hard to believe anything that initially comes out without any verification. You can count the recent rallies above resistance and drops below support as needing verification. Steve made a good comment about calling them Fakeout Breakouts as there never seems to be much verification of a true change of trend. The markets tend to move more on rumour than fact so I think that the actual capture of Bin Laden might do little to affect the markets, maybe. I would think that you are entirely right in your assumption that any news released will be as on Friday and come at the best opportunity to take maximum effect. That is one of the things that has been adding to the markets volatility. Any kind of News can affect the market direction even if for only a short timeframe. Hopefully we will continue to get trading signals that will have us benefiting from the volatile movement. Good Luck GR! :^)
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