some markets is very volatile ,HSI is such a market.it is highly correlated with S&P 500 index ,so there are many overnight gaps,how to read them thank you !
how to read the gap when you do swing trading?
- Thread starter flyingforget
- Start date
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FlyingGet;
Highly correlated with S& P, ok;
then gaps are important part of swing traders profit.
Generally true, most gaps in a bear market are bearish;
& you can improve on that, when SPY [also highly correlated to S&P] was down 7 days in a row,OCT 2008, not so bearish , even in a bear market.........................................................................................
And when Prince Al last week,,and US treasury[Sunday] start throwing /buy money @ Citigroup;may get some upticks not really deserved, but end of day , even bear markets have bear rallys.LOL
