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Ole Clyde called a nice turnaround right on the dot....all ya had to do is
place a stop order
bout 5 pts above a 3 bar closing average and you got in perfectly.
The Nasty index had about a +250 point move up today ?...no ?
BTW: does a reverse "oops" work as well.....gap up, then a fade or crash ?
> -----Original Message-----
> From: Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
> Sent: Thursday, August 03, 2000 8:09 PM
> To: davestan@xxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: 3-Headed Dragon
>
>
> Actually there have been a few lower opening gaps followed by
> huge rallies
> recently: 1-31-00 and 4-17-00 are two good examples. I know many
> on the list
> think he's evil, and I am no fan myself, but old Larry Williams
> has called a
> similar pattern "oops" for years: gap down open, followed by a
> rally through
> the opening range or the previous day's close. It's an easy
> pattern to code
> and test: If open next bar < {whatever} and {whatever} then buy at
> {whatever} stop;
>
> Bill Wynne
>
> Bill@xxxxxxxxxxxxxxx
>
>
> >From: "david b. stanley" <davestan@xxxxxxxxxx>
> >To: omega-list@xxxxxxxxxx
> >Subject: 3-Headed Dragon
> >Date: Thu, 03 Aug 2000 15:12:51 -0700
> >
> > I cannot recall the SP ever having gapped down 16 pts and
> >then clearing the previous day's high and then holding on to it to
> >boot. And by-the-way, isn't this August? What's up with the 30 pt.
> >ranges?
> >The three-headed Index Dragon appears to have awakened with a
> >vengence never seen before, going from completely inverted to
> >completely polarized.
> > There have been lots of instances of penetrating the previous day's
> >lows
> >and then running out of gas but nothing I recall even remotely like
> >this.
> > I thought it would be an easy short after hitting yesterday's lows.
> >Thank Goodness I never got a sell signal. The follow-thru after 2:30 EDT
> >
> >left me with my lower jaw hangin' as this old dog saw a new trick.
> > Clyde Lee earned his upside breakout the hard way.
> >
> >still in shock,
> >
> >dbs
> >
>
>
>
>
>
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