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Thought on tomorrows gap


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#1 Mr Dev

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Posted 11 January 2007 - 03:46 PM



Well with a good pull back like we just saw here in the NDX I would normally say be careful of a retest of todays

highs sometime tomorrow early tomorrow. But because this is not always easy here is my caveat.

.. if the NDX should sell down a little more here before the close it could actually trigger a GAP down

because of a set up on my 23m chart.

But at this time the market is still ST slightly bullish but not as much as yesterday, watch for a further correction in the next few mins. because it should be telling.

Best
;)





P.S at this time, for a short term trade tomorrow morning, think about buying any gap down around 10:30-10:50 pst if we see it.



Edited by Mr Dev, 11 January 2007 - 03:40 PM.


.. .. ..
Mr Dev

......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!

#2 Mr Dev

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Posted 11 January 2007 - 04:21 PM



So far as I see Volatility is coming back ! That's actually good news for us nimble traders that like to

'Flip' both ways. It just so happened it started the markets off to the upside because the NDX was close enough

to break out and thus would / could drag the other majors with it...although the SoX has had some trouble.

I'm also not saying that the Volatility is all that negative for the markets...not yet.

We could easily trade for a few weeks or months with seeing larger range days before it could take its toll.

Even after weeks if the Volatility again drops off we could see a continuation of higher prices.

But first things first I'll be focusing on it for clues to see if it's going to higher and play the

opens and closes accordingly.

Best
;)



.. .. ..
Mr Dev

......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!