13 replies to this topic

[NAV]

You gotta hate these gap-ups. Now we have a gap to fill. Gap-ups are bearish when they gap up right into resistance, in this case ES 1473.50. Gap and go happen when they park the prices right near resistance and jump the creek by gapping up next day. Once the gap-fill happens, it should get exciting on the long side.

[rkd80]

You gotta hate these gap-ups. Now we have a gap to fill. Gap-ups are bearish when they gap up right into resistance, in this case ES 1473.50. Gap and go happen when they park the prices right near resistance and jump the creek by gapping up next day.

Once the gap-fill happens, it should get exciting on the long side.

i hear that, definitely frustrating - hard to enter long at this point. You sitting on the sidelines until that happens?

[NAV]

rkd, I shorted ES 1467.50 for a gap-fill play.

[rkd80]

rkd,

I shorted ES 1467.50 for a gap-fill play.

ooo, interesting.

btw, we both guessed correct last Friday at a Monday gap up. (while others were calling crash)

[Rogerdodger]

The Pristine 30 minute gap up rule at my blog is interesting.

But with this volatility, you better have stops.

[NAV]

rkd,

I shorted ES 1467.50 for a gap-fill play.

ooo, interesting.

btw, we both guessed correct last Friday at a Monday gap up. (while others were calling crash)

It's called the perversity of the markets .

I am keeping it simple. I am not an IT trader. So i am not worried about missing the rally or missing the bottom. If ES 1471.50 gets taken out in the morning session, i will have to scramble to get long. Otherwise, will sit tight for a gap-fill with a stop at 1471.75.

[atlasshrugged]

rkd,

I shorted ES 1467.50 for a gap-fill play.

ooo, interesting.

btw, we both guessed correct last Friday at a Monday gap up. (while others were calling crash)

It's called the perversity of the markets .

I am keeping it simple. I am not an IT trader. So i am not worried about missing the rally or missing the bottom. If ES 1471.50 gets taken out in the morning session, i will have to scramble to get long. Otherwise, will sit tight for a gap-fill with a stop at 1471.75.

nice call on this mornings action btw !

[NAV]

Covered half at 1464.

[eminimee]

or C was complete at today's high...



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[NAV]

Covered the rest half at breakeven and went long at 1467.50