Friday, March 25, 2011
Gap Fill and Squeeze to Close
I am looking for weakness intraday from the open and then a squeeze into the close as traders don't want to be short over the weekend with a possible gap up. The volatility is slipping away which takes away many of the intraday trading opportunities. We should slowly work our way up to 1320, at which point there should be more two way trading.
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
Wow, only a week ago the world was going to end. Do you think this increases the possibility of gap down Monday? Everyone is now expecting the gap up.
Yeah, it does increase the chance of a gap up but I have to see where we close. If we close near 1320, it increases chances of a gap down.
I mean gap down. It increases the chance of a gap down but this market wants to go higher for the next few days gap up or down.
Post a Comment