Gap Fade: Wednesday 04/12/2006

[eliteG]

Lets see if we got an indication of a market gap:

"09:00 am : S&P futures vs fair value: +0.5. Nasdaq futures vs fair value: +0.6.  Futures indications have backed off their best levels since the last update, perhaps in sympathy with a pullback in Treasuries, and now suggest a relatively flat open for equities."

So not a great day for the gaps.. here is the list in case you want to try it out.. I wont call one unless its perfect today.  SYNA actually worked out nice yesterday.. I know some of you sold it all for 50 cents plus  and otherwise it should have been at least a .25 gainer.  Playing that with 1000 shares thats a quick $500-$250.

Gaps:

[semserus]

HEY G,
GM !
Any Picks ??

[Loffigus]

How does SYD look for a gap play 

[eliteG]

HEY G,
GM !
Any Picks ??

Tried to find some safe setups but some gaps filled too quickly and others didn't set up.. when we dont have a mkt gap they will be hard to find.

How does SYD look for a gap play

doesn't look like a safe one to me