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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack T. Pearson who wrote (36914)	12/1/2000 9:04:26 AM
From: JRI	Respond to of 42787

Q: If there is a gap on a chart (above where a stock is trading) ...ie, stock gapped down (a week ago), and is now recovering...does the stock easily (or with difficulty) move thru that gap....is (heavy) resistence at the previous gap down point? Specifically, I am looking at buying JNPR for a bounce today...TIA

To: Jack T. Pearson who wrote (36914)	12/1/2000 9:29:02 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Jack, >>>> Futures started dropping a little more than an hour before the open. Downgrade reports are coming in. I would really, really like to see at least a two-day bounce <<<< The NAZ futures have dropped all the way from 80 down to around 30 now. Some would consider that bad, but not necessarily. If we go back to the beginning of SEPT, we saw significant 1-2 day rallys which only failed. The start of those 1-2 day rallies were very quick and the majority of the gains of the total rally came in the 1st day. Maybe the market is now wise to those quick/strong 1-2 day rallys, and we may start to see slower, but more consistant moves rather than spikes.