S & P Strategy

I just ran across these numbers for the S&P, I have also been thinking about Larry Williams OOPS trades.
they take some time, but I think they would make money if you stuck with them.

Strategy: Fade the opening gap on the SnP/DOW

Fluidollar said: "This is probably one of the most reliable plays around in the futures markets. Many days, the SnP or Dow will gap up or down in price overnight, and the market action following these gaps has a predictable pattern to it. According to a simple 2 year study these gaps are filled: 65% of the time on Monday 77% of the time on tuesday 79% of the time on Wednesday 82% of the time on Thursday 78% of the time on Friday If you "fade" the gaps, with the possible exclusion of Monday, the gaps have an 80% chance of filling. Personally, I don't know any other futures play that has such consistency. Furthermore, you can increase the odds of the trade going in your favor with the following premarket analysis: 1. Premarket volume - If it's unusually heavy, it's likely that the gap won't fill. If the volume is light as it usually is premarket, then the gap is more likely to fill. 2. Gap size: Unusually large gaps are less likely to fill, and shouldn't be played. I'll sum up the strategy. The main idea is to fade the opening gaps on the Dow/SnP Futures. Fading the gaps means taking the opposite direction of the gap. For example, if there's a gap up, then you'll short the contract and set your price target at yesterday's close. However, don't play the gaps on mondays or on large premarket volume, because they're less likely to fill. Note that this gap fade doesn't work on individual stocks, although it does work fairly well on large etf's etc. that are similar to indexes."