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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (3432)9/7/2000 2:51:25 AM
From: Drbob512  Respond to of 100058
 
the-phoenix: Agree that 4000 area is support, and after that 3920 is stronger support, in my opinion, and needs to hold even more.

As far as exhastion gap is concerned, the price action of the Nasdaq recently does not qualify as exhaustion gap due to the lack of 3-4 gap days up, each with higher trading ranges, but we were indeed due for a pullback as you stated. I am more concerned about the support at 3920 than 4004...