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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (5144)6/15/2001 10:48:52 AM
From: UnBelievable  Read Replies (1) of 209892
 
$SPX bounce up was off top of April 18 gap.

$COMPX was on the Sept DT line as was $IXCOX.

$INDU was off of the 100 SMA and appears to be trying to hold the 200 SMA.

For $SPX the turn down was at the close of the first 13 minute bar which was a pullback from its low of 1210.

$NDX looks like it turned down after retracing about 68% of the down this morning from the bottom of today's gap.

I would expect we get some oscillations about the bottom of the gap, and inside the gap until a consensus is reached about whether it can be closed or not.

All of these seem expectable to me. Which in particular did you find weird?
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