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

To: AllansAlias who wrote (47854)	4/24/2000 11:10:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Allan Haggett: 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? I'll think future price action is needed to help answer that question. IMO Regards, LG

To: AllansAlias who wrote (47854)	4/24/2000 11:40:00 AM
From: pater tenebrarum	Respond to of 99985

Allan, perhaps a measuring gap? :) let's hope not... regards, hb

To: AllansAlias who wrote (47854)	4/25/2000 10:05:00 AM
From: AllansAlias	Respond to of 99985

Yesterday: 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%... Today: Yikes, these are volatile and interesting times. Today is the 4th biggest gap up in my data and the biggest in a decade or so. It edged out two others from early January this year. My puts are taking a beating, but I am in this for a wider view and we are a ways yet from my "I'm probably wrong" point. --Allan