gaps and trading

[mdl060374]

Quote from NoDoji:

What I've noticed through observation is that since the market has been in a steady uptrend over the past few months, gaps up tend to be much stronger at continuing to move up rather than closing any part of the gap.

Back when the market was in a steady downtrend (Jan-Mar), fading gaps up was a more predictable play, as long as the stock wasn't gapping up after losing a massive amount of its value over the preceding months.

This si why I asked. I found that unless you included some sort of statistics to filter out S&P behavior (noise) the results usually reflect what the market was doing.....

I am not saying his stats arent valuable, but knowing how a stocks behaves regardless of what the market is doing is where I am trying to go with this..