Wednesday, December 1, 2010
Large Gaps Up on the 1st Day of the Month
Last night in his video "Gap Guy" Scott Andrews took some interesting looks at gaps that occured on the 1st day of the month. Of course since he posted it early he couldn't have known we were about to get such a large gap up. Inspired by Scott I took a look at other 1% gaps that occured on the 1st day of the month. I've listed all instances below.
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6 comments:
Rob, please clarify. Was this a lookback only over a few years? Usually you specify your study period.
All the examples are April 2008 or more recent...
I ran it 2001 - present. There just weren't any trades prior to 2008.
Some great guest charts posted. The one on Fear Factor 1, showing shooting star, is a must see. it shows that shooting stars in the past have seen high volatility the next few days. We just printed one today.
Also be aware that during the normal market hours, Nas and Rut printed 6 daily candles that form what is called the "Rising Three Method" which is bullish in an uptrend. Just not sure we are in an uptrend. Don't get all gonzo short, be aware of potential high volatility.
http://oahutrading.blogspot.com/2010/12/great-guest-charts.html
Good news, I cut a deal with Breakpoint Trades they are allowing me to post the full-on not watered down version of their stock market newsletter.
You get it for free, visit Hawaii Trading for the link!
http://oahutrading.blogspot.com/2010/12/full-paid-newsletter-for-free-from.html
Nice blog you have here. I designed a a strategy that lets you know if you are in a bull or bear market. You can check it here.
http://theferengi.blogspot.com/
Great blog...appreciate all your effort. Have a look at mine:
http://theopeningrange.blogspot.com
I discuss opening range break out strategy
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