Not sure how many traders look at this, but the gap activity has become very (unusually) volatile since September. If you are wondering why you are getting chopped both ways lately, this is a good reason that's pretty much out of your control (outside of short term scalping). One reason I've been doing a lot of scalping lately. <img src="http://elitetrader.com/vb/attachment.php?s=&postid=1669363" border="0" alt=""><br /></font></p></font></p> The last time gap activity was this volatile was late 05, before the drop in jan 06, and at the very bottom of 02. Speaking of which, looks like a gap back down is in the works for am.