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

To: Boplicity who wrote (48353)	4/27/2000 10:14:00 AM
From: AllansAlias	Read Replies (1) \| Respond to of 99985

Good points are being made about a rally in the face of these numbers. If we were to close well into the gap, then I will concede some to the bulls. However, it is more than whether or not we rally from this open. The gap-down is the 2nd largest in 15 months. Is the gap emotional? Probably. Would it seem like a normal reaction to bad numbers if we opened and then fell this much? I find this gap to be large considering the discounting that was already there, so a rally has to be very strong IMO. In case we start to head down again, the target to stay within this triangle is very approximately 3440 on COMPX. Cheers --Allan edit: So far the rally impresses me, but the speed of the ascent has me skeptical.