GREY:NDXFF - Post by User
Comment by
dollpartzon Apr 21, 2010 10:20pm
454 Views
Post# 17017785
RE: RE: RE: RE: RE: filling yesterday's gap?
RE: RE: RE: RE: RE: filling yesterday's gap?If it opens higher than yesterdays high, it's a full gap. Ya if the NR is outside market hours, it will gap. The idea is that there's no support or resistance established between the 2 prices, so if there's any drop it will usually fill the gap.
Traders play the gap.. there are gap traders that short gaps, for example. And sometimes the same traders buy when the gap is filled. It can't be utter nonsense because traders will act on it. Anyway....