by Mike L.
We here practice the notion of what's called a TRAP GAP. It means you don't go buying or selling after a gap has happened. It almost always is a trap. Always remember the words of Admiral Akbar on the Rebel Ship, "It's a TRAP!"
If you bought the S&P today at 1700, I really hope you took your losses and wait for Wednesday. This market will make a decision by then. For now, let us leave you w/ Bob "I know why the markets are falling" Pisani and good old Arthur Cashin via CNBC.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.