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JOHN Around ... any other gap traders

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saash
Super Contributor
Would todays' open be considered a gap? The fall happened on the after market trading, so I'm just not sure.
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46 REPLIES 46
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A gap is a gap. With the US futures looking to go red, the gap close might be on. Wait for us to enter the gap.
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Vitalstats you from Bloem ?
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Yip, had some guy phone me from ishare, they have a get together 1's a week, ( From FX to Daytraders ) sounds good !!
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And the funny thing is at Luigi From West end is part of them :-)
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I'd like to get together with some people that also do trading.
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john_1
Super Contributor
Hi Saash.. Sure.. but more to the point is the huge jump up on the consumer confidence numbers.. that kind of jump is likley to be equalized before we move on...the only thing that bothers me is that with our own bad news, convention says, we drop...but markets tend to move against convention...my point.. don't jump the gun..if its going to unfold it will let you know.
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saash
Super Contributor
I haven't committed anything, just wondering about the move. Direction won't commit. We got bad news, and internationally there's good news. I see our currency is holding. This can go either way, really. If we loose currency strength, with international markets so happy, it "could" send us into another rally. The way I see it, anything can happen.
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john_1
Super Contributor
Ya the recession is in the price..thats why we lost half our value last year
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whith the nyse testing a quarter high, it will sure be interesting to see what happens once the nyse opens today.
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saash
Super Contributor
And this odd three tops we got? Testing that level a few too many times for my liking. Its like we want to get through it, but can't find enough to commit to it. I think its going to go down, and visit that gap we left open a few weeks back.
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john_1
Super Contributor
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john_1
Super Contributor
ya that was quite a battle but worth it
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ian_kotze
Regular Contributor
Took an afternoon nap and missed the whole thing!
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venice
Super Contributor
No gap too far or wide or unlikely to be closed.
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john_1
Super Contributor
now my bank account will tell you otherwise.. gaps fail often
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