If You’re Just Trading On The Open, You Can Use This
Today’s commentary by Brice Wightman
was first posted on January 15, 2003.
Yesterday, Alliance Gaming announced
earnings that topped expectations, and boosted its ’03 forecast. This morning,
the stock gapped up, and we posted this in TradersWire:
09:54:38
Intraday Setup Alert
Alliance Gaming (AGI)
is pulling back from highs. AGI is trading at 15.54, up .51. The company
boosted its ’03 forecast yesterday.
After the four-bar pullback was complete, the
stock rallied to gain an additional 1.38 gain over the next two hours. Scenarios
like this play themselves out every day; it’s really just a matter of finding
the setups.
This is just one strategy you can use near the
open. You can find others here.
Have a good one,
Brice