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To: Chip McVickar who wrote (3505)1/3/2000 1:00:00 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 11513
 
I think the key is whether it closes above or below 1458 today..... if it fills the gap between 1458 and 1462 and closes below it, not good news for the bulls.. otherwise, it may recover throughout the rest of the week..... realize that these markets are now working on an outside key reversal... this is ominous.....

GZ



To: Chip McVickar who wrote (3505)1/3/2000 1:10:00 PM
From: Bull RidaH  Read Replies (1) | Respond to of 11513
 
Chip,

<<Also there was an open gap they closed at 1460>>

Absolutely! SP0H gapped from 1457.5 to 1465 on the 12/23 open. That baby's history!!

I recall from last year's first trading day that they busted the SPX down 10 before resuming the bull leg that was in place. This drop was bigger, but should heal up nearly as fast.

On following my own advice... I did the opposite, and had to quickly undo it before it undid me! <g> But I'm growing even more bullish the lower we go, Bradley or no Bradley. <g>

Regards,

David



To: Chip McVickar who wrote (3505)1/3/2000 1:13:00 PM
From: Arik T.G.  Read Replies (2) | Respond to of 11513
 
What about the big outside reversal forming today?
Also the last trading week of the previous M was up on light volume, and overlapped a lot, and today down on big volume.

ATG