krc

I think you are talking about Don's Opening strategy (he posts results at that 'other site'). I think that it works best if you have access to lots of leverage (like being in Don's firm), you basically envelope the stocks that you want with orders on either side and then trade out of them. Fair Value helps you set the envelope, some people use 'beta' or other things to eak out better performance. The key is going to be the exit technique and picking the 'right stocks'. There are automated tools that some of Don's traders use to assist with executing this strategy ( see zoetrading or pairtrader.com ) see also this thead for the link to that other site: http://www.traderslaboratory.com/forums/f30/opening-orders-strategies-4284.html Don talks a lot about this opening strategy in his articles for TASC.