Billy, is it just me or have there been, in fact, an extraordinary number of gap-opening days (up or down) over the past few months? I've not seen anything published about this and not sure it's important but thought I'd raise the topic.
Billy, is it just me or have there been, in fact, an extraordinary number of gap-opening days (up or down) over the past few months? I've not seen anything published about this and not sure it's important but thought I'd raise the topic.
Adam,Originally Posted by adam ali
The high frequency of large opening gaps is typical of a short term news-driven market and indecision about longer term trends. Most intermediate term participants are now on the sidelines and day traders are in charge for just a few hours each day.
Those gaps mean nothing and are often manufactured to ruin your best setups, fish for your stops and exacerbate weak participants' emotions.
That's why I have advocated here to avoid holding any position overnight until the robot gives us its next strong signal.
Billy
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