MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: HairBall who wrote (47852)	4/24/2000 11:06:00 AM
From: AllansAlias	Read Replies (3) of 99985

I make this as the worst gap-down for the NASDAQ. The data I keep for such checks only goes back to 1984, but todays gap down of -4.86% beat out 87-Oct-26 of -4.78%, a day that went on to a close-to-close down of -9%. Recent big gap down was 00-Apr-05, but in that case the open was the low of the day. She's a bouncin' hard now, but I think the fix was in when it did not make a better effort to fill the gap. How would you folks classify this gap if it endures? Breakaway? Can't really be exhaustion can it, since it is not at a new bottom? --Allan

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