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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST
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To: Les H who wrote (72100)3/14/2001 8:58:02 AM
From: Michael Watkins  Read Replies (1) of 99985
 
Just some random musings early this Wednesday morning:

We are all used to gap down on the Nasdaq - its littered with them.

But the SPX - not so.

'87 flush, after sinking for a number of days, accelerated with a gap down. (And COMPX got treated to another the next day).

For the stat lovers (bear in mind its 5am where I am and no coffee on yet) the COMPX has had about 23 gap down days since Jan 2000.

The SPX has had only one. Yes, only one.

So if cash opens gap down, its worth paying close attention to this day
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