NewsFeeder
12-17-2013, 08:21 AM
How to calculate targets when the gravy is in the gap
[MrTopStep.com] - Traders will often use the phrase “gravy in the gap” when the market is a runaway train during overnight and premarket trading, only to trade in an otherwise small price range during the actual floor session after the open. Here’s a simple technique that I use for forecasting accurate price targets (over 90%!) when this occurs. Monday’s ADR targets I’m a fan of using average daily range (ADR) for forecasting targets.
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/calculate-targets-gravy-gap-133900781.html
[MrTopStep.com] - Traders will often use the phrase “gravy in the gap” when the market is a runaway train during overnight and premarket trading, only to trade in an otherwise small price range during the actual floor session after the open. Here’s a simple technique that I use for forecasting accurate price targets (over 90%!) when this occurs. Monday’s ADR targets I’m a fan of using average daily range (ADR) for forecasting targets.
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/calculate-targets-gravy-gap-133900781.html