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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (10097)8/16/2001 9:01:15 AM
From: AllansAlias  Read Replies (1) of 209892
 
If the open gaps down over the Aug 10 low on COMPX, any thought at all for a wee long bounce is dead for me. Gapping over support/resistance is a powerful signal and the odds trade in such cases is to go with the direction of the gap.

NDX is already under the Aug 10 low, while COMPX would have to gap down beloe 1915 or so, which is only 4 points from yesterday's close.
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