Tag archive for ‘gaps’
Travellin Man
The market had difficulty today getting it’s head above water.
Friday’s late day plunge, and the overnight stall created a tough day for the longs.
Every attempt at a bounce was met by sellers.
The travel range overnight had about 16 points differential from the RTH high.
Not a pleasant long weekend for those who bought late Friday in [...]
Gotcha Good
Well, well,well.
While you (and me) lay sleeping, the gotcha trading reversed and plunged overnight.
It is getting close to Halloween, and the Boy’s are getting more mischievous.
The patterns often repeat; it’s the timing of them that is important for the health of our accounts.
After long and studious observations of the market, I have brilliantly concluded that [...]
Oops
Well that didn’t take long.
Is that bounce all there is?
Gap lower and slide down the slippery slope, testing support as volatility increases.
Most days I expect a little bounce to the upside in gap down mode, but today we had a code sell at an important resistance zone. A hard trade to take since it was Monday morning, [...]
Gap Day
Gaps are curious events.
Is the gap a sign of weakness or a sign of strength?
Any idea how to decide?
What are the odds to fill or partially fill the gap?
As a trader we never know for sure where the price is going, but we can play the odds if we are aware of the advantage that exists.
Gaps occur [...]
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