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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (22683)4/9/2000 1:56:00 PM
From: Chris  Read Replies (4) of 42787
 
also notice we have a GAP opening that wasn't filled during the day on comp, and NDX on friday.

most gaps do get filled. plus the gap was done NOT on high volume (which increases the chance of getting filled).. if it was a breakout/breakaway gap on high volume, then gaps usually dont get filled. an exmaple of THAT gap is on IBM ON 4/22/99 when it had great earnings news. that gap got filled in october, but the main idea in this post is that a gap created on LIGHT volume usually gets filled within a couple days.

no hard rules.. and somewhat open interpretation.

and also notice qcom has a gap at 171.. so if 161 is taken out, that is the next gap resistance.
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