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----- Original Message -----
From: Don Thompson
To: realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 30, 2001 11:55 PM
Subject: Re: [RT] Re: MKT - OEX
A gap up open in the SnP futures is almost a no brainer buy. If it for some
reason would make a lower low, this would be an even better opportunity.
The odds for an up close with a gap up open in the SnP futures is better
than 80 percent.
Don
==============================
Got anything to back that up? I did a simple test in Tradestation where
you'd buy if the open is higher than the close of yesterday and exit at the
end of the day. This does not result in an up close 80% of the time. It is
this hocus pocus stuff like the above that gives techincal analysis a bad
name.
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