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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: KevinMark who wrote (100214)4/25/2000 2:53:00 PM
From: stan s.  Read Replies (3) of 108040
 
Kevin that leads me to a general word of caution (not aimed at you). Yesterday's high was 3496. We opened way above it and just as we filled last Tuesday's gap yesterday...it's likely that we will fill today's gap at some point in the not too distant future.

In fact it's a positive to gap and fill relatively early on...but it's disconcerting and something everyone, especially traders need to be aware of.

Gaps don't always fill but there are only 3 or 4 unfilled gaps on the Nasdaq, they usually fill, better sooner than too much later.

If today holds strong (still iffy imo) and the volume improves we could very well rock tomorrow but caution is still in order, the nasdaq is a very broken chart.
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