TRAP GAP

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.