"If there is a gap, and it is going to reverse, it will do so
10-15 minutes after the opening 95% of the time. Please believe me
on the odds, they are real. If the market continues in the
direction of the gap after 10 to 15 minutes, it is a strong sign
that the move will continue for the rest of the day, closing in
that direction as well. Even if the market reverses after the 10-15
minute period, if it fails to fill the gap, odds are that the
market will close in the direction of the gap." Victor Sperandeo, "
Trader Vic II: Principles of Professional Speculation, pg. 231
15 min gap rule
Posted by mdgfain on 3rd of Sep 2010 at 10:32 am
"If there is a gap, and it is going to reverse, it will do so 10-15 minutes after the opening 95% of the time. Please believe me on the odds, they are real. If the market continues in the direction of the gap after 10 to 15 minutes, it is a strong sign that the move will continue for the rest of the day, closing in that direction as well. Even if the market reverses after the 10-15 minute period, if it fails to fill the gap, odds are that the market will close in the direction of the gap." Victor Sperandeo, " Trader Vic II: Principles of Professional Speculation, pg. 231
this morning's gap reversed at
Posted by ducksoup on 3rd of Sep 2010 at 10:38 am
this morning's gap reversed at the 12-13 minute mark after the opening - so in that case chances are that the gap will fill and end the day negative?