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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (47852)	4/24/2000 11:06:00 AM
From: AllansAlias	Read Replies (3) \| Respond to of 99985

I make this as the worst gap-down for the NASDAQ. The data I keep for such checks only goes back to 1984, but todays gap down of -4.86% beat out 87-Oct-26 of -4.78%, a day that went on to a close-to-close down of -9%. Recent big gap down was 00-Apr-05, but in that case the open was the low of the day. She's a bouncin' hard now, but I think the fix was in when it did not make a better effort to fill the gap. How would you folks classify this gap if it endures? Breakaway? Can't really be exhaustion can it, since it is not at a new bottom? --Allan

To: HairBall who wrote (47852)	4/24/2000 11:25:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 99985

LG, I should have known that you would react that way. I know you think you OWN this thread, if not the whole SI. In any case, I personally think what I said is of some substance. I could really care less if you don't agree with my OPINION. If too many people keep taking about limits and lock limits, I think the end result will be that there is no chance of reaching those limits. It is a contrarian view. That is what I said. Some even call it some form of TA. Only thing is that it will not have DMAs, fibbo, and other voodoo numbers attached to it. Still, it is a read on the MARKET DIRECTION. It just happened that it disagreed with what you said, SFW? I am cynical alright, but you appear to be downright defensive and very protective about things that don't matter. To give credit where it is due, I do think that your market observations are good. But you HAVE to change your paranoid psychology. Don't assume that everybody who posts with a view different from yours wants to sabotage your thread, which claim to be a "swimming pool." Also, don't automatically assume that people react to what you have to say on the markets. At least in my case it is something I pay attention to but never a deciding factor. -Mohan