Nice gap up. Will it continue?

Discussion in 'Trading' started by 1a2b3cppp, Jan 3, 2013.

What will follow this gap up?

  1. No reason to go long. In the next week or two SPY will be under $143

    1 vote(s)
    50.0%

  2. No reason to go long. Price is going to chop around at this level for a while. *yawn*

    0 vote(s)
    0.0%

  3. Go long! Price is going to keep going up. It'll hit $155+ before it hits $144

    0 vote(s)
    0.0%

  4. No idea. My system doesn't account for this scenario.

    0 vote(s)
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  5. I don't care. I don't trade SPY. I'm an elitist who only trades foreign vehicles you probably have

    0 vote(s)
    0.0%

  6. I don't care, I make 3x the ATR every day without any losing days!

    1 vote(s)
    50.0%
  1. 1a2b3cppp

    1a2b3cppp

    Is this a temporary gap up or should we be going all in on a long position?

    [​IMG]
     
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    #1     Jan 3, 2013
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  2. tradingjournals

    tradingjournals

    Why are people buying? I am now looking at the price of mcd. It is at 90.60. What is in the mind of its buyers?
     
    #2     Jan 3, 2013
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  3. Bob111

    Bob111

    run some stats..easy to find out..from what i've remember- gaps 2+% are tend to continue to go same direction on next day
     
    #3     Jan 3, 2013
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  4. nazzdack

    nazzdack

    1) 1-0-0-0-0-0. :confused:
    2) MCD?......add a McRib for $1 with any extra value meal order. :eek: :D :p :cool:
     
    #4     Jan 3, 2013
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