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To: AllansAlias who wrote (75900)3/6/2001 8:26:32 AM
From: StockOperator  Read Replies (2) | Respond to of 436258
 
AA,

There is almost a sense of urgency in the way prices are being ramped in the premarket. I would be surprised if it holds.

We'll see.



To: AllansAlias who wrote (75900)3/6/2001 8:38:21 AM
From: JRI  Read Replies (2) | Respond to of 436258
 
Allan- A gap up here leaves 2 gaps in the chart in 2 days....

Even if this market was recovering for a rally, I wouldn't expect the futures to ramp so significantly, everyone knows the old adage, "sell the morning gap up"....it wouldn't be healthy for a bolt out of gate, and no look back..

Just seems like some players jumped on last hour.....pump this thing up to get out....now, if we fill gap (actually both would be best) THEN I'll be impressed....but I think (if/when) we lose this open, the downward drag (after closing the gap(s) will be so great...it'll be hard to get up off mat...)

Certainly, I've been wrong before, but a gap out-of-gate, don't look back seems like the least likely possibility here...