why would anyone be selling or going short on a gap up run up? a gap up run up has a near 80% probability of a 2 - 3 multi day follow thru. chips large caps and financials leading the way too.
Not sure if this means anything?http://messages.yahoo.com/bbs?.mm=FN&action=m&board=9029792&tid=ahaa&sid=9029792&mid=21772
"can anyone explain a gap up run up?"How about pedantic? Can anyone define the term pedantic? WWG?
WWG=pedantic, i.e. A narrow minded Jackass with NO imagination.
because some people are not "day flippers"....shorting gap ups....chances are they will come back down to fill the gaps (after your 2-3 potential runnup)I personally would not be buying a large gap up myself....that is just silly.
As far as day trading they are hoping to capitalize on the counter rally of the trading day.Freezzze