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Technology Stocks : Network Appliance

NTAP 111.48

+2.0%

12:51 PM EST

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To: Jill who wrote (8198)	5/29/2001 1:15:36 AM
From: Sully-	Read Replies (1) of 10934

Hi Jill! So good to see you around ;-) I guess my fascination with filling gaps is that when I first heard of the theory, I scoffed at it. I could think of 100 reasons why a downside gap (or upside for that matter) would never get filled. Unfortunately, I watched numerous top shelf companies have gap after gap get filled for a variety of reasons......... including FUD in the media that never panned out as the FUD piece claimed. Every single gap I monitored eventually got filled. That really got my attention. I've noticed that when a stock trends down close to an open downside gap, it is almost like an invisible hand puts a lid on things while the share price is drawn down fill it. Perhaps other TA guru's jump in to short in these instances, I don't know. It will be interesting to see how this theory holds up as time passes. I won't be surprised to see some breakaway gaps from the April lows remaining open. I will be surprised to see others stay open though. BTW, your 'true double bottom' discussion does not instill a lot of hope for a strong advance going forward near term :-\| Take care. Ö¿Ö

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