Gaps, from Jim Sogi
It's interesting to see the big gaps, active overnight sessions, and sleepy daytime session in SP. Seems overseas traders are starting to wag the dog.
Sushil Kedia writes:
The Senator taught me a trick when he was in Mumbai almost five years ago to treat the overnight gaps as the cost the public is paying and the intraday range as the action of the pros.
Overseas or local, the battle is fought in that same pit. Senator's attitude to gaps left a few meals for a lifetime.