Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: augieboo who wrote (56488)	4/25/2002 2:36:17 PM
From: Jeff	Read Replies (2) of 99280

augie...all gaps are important and come into play sooner or later.... if the next rally doesn't get up there and fill that....and starts rolling over lower..... and we go to 1400.... i'm thinking the last rally this nasdaq has will be from the 1400's to that gap area around 1800 before the big bleed down to 1100..... remember...this market is capped at 1946 because thats the last breakdown area in a long downtrend where the nasdaq has never broken above a breakdown area and has always " made a lower high"..... so that gap area.....or to 1832 fits the profile perfect as the next " lower high" in a long downtrend..... thats what i'm watching for now.....as you know...things can change...

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