Lincoln Alerts 6.7.12 Mind the Gap Please
My teachers said I would never amount to anything
Gap up days in the market take the fun out of everything. On gap up days most of the action happens in the first hour with a swarm of buying and that’s it. After that it’s hard to get a pullback to worthy enough to short into. On the other hand gap down days are nuts. It’s trader nature to get turned on about buying stuff on sale in the red so bounces are more likely. It’s important to learn trader nature , since most traders are wrong it pays to know what they are thing and doing so you can go the other way. Sad but true.