[notouch]

About professionals gapping it up, I don't think that explains many YM gaps. There's a big difference between a gap in stocks, which is created by market makers marking a stock up and a gap in futures, which doesn't have market makers. A YM gap isn't really a gap at all because it trades almost 24 hours. It's usually caused by an increase in stock indices in Europe or some economic release out of the US. It usually happens on light volume and if you look at time and sales it usually seems to be small traders causing the gap.