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Usefullness of the RT Gap TradeScope
Last Activity 10/21/2016 5:19 PM
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THELGET

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Subject : Usefullness of the RT Gap TradeScope
Posted : 6/4/2015 1:08 PM
Post #9309

All:

Although I don't think the RT Gap Tradescope if fully funcitonal yet, look at some of the nice information it might provide you with.

I used MarketScans to obtain symbols that were gapping in the pre-market this morning.

Here, for example, is WYNN. Note how it gapped up and the RT Gap Tradescope gave us encouragement that it would never ever fill. Now that doesn't necessarily mean it would continue to rise, but check it out:




And then again there was AER. Once again the RT Gap Tradescope indicated a gap fill was unlikely and AER has taken a leisurely trip to the downside:




Now I can tell you from trying to play gaps for a long time that both of these stocks could have just as easily filled but the RT Gap TradeScope certainly might give a trader greater confidence in the decision of whether or not to play the gap fill.

Tom Helget

[Edited by THELGET on 6/4/2015 1:11 PM]

Attached file : WYNN Gap Good To Go.PNG (53KB - 294 downloads)
Attached file : AER Gap Fill Unlikely.PNG (52KB - 285 downloads)

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