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

To: JRI who wrote (2051)	3/6/2001 9:37:46 AM
From: Chris	Read Replies (1) \| Respond to of 52237

gap filling not a 100% thing.. if my rally expectations will come true, these gaps will not get filled. but no one knows.

To: JRI who wrote (2051)	3/6/2001 9:41:40 AM
From: Chris	Respond to of 52237

however, i just noticed 30 min chart on ndx/qqq connect the 3 highs of 2/28/01 high 3/1/01 high 3/2/01 (not really the high, because i cut my line into the bar) angle of line is about 20 degrees in other words, there is some resistance on 30 min chart only. very short term view.

To: JRI who wrote (2051)	3/6/2001 10:26:21 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

JRI, >>>> I dunno, if I were long, I wouldn't want to see such a huge gap...I'm starting to think there's some juicing going on last hour <<<< That gap today is fitting nicely with my belief of a retest. As mentioned often, declines of greater than 7% have a high probability of a retest. That doesnt mean it has to get filled today. On FRI, I more than doubled my long position in the UOPIX where I went from 85% cash to about 55% cash. Just expecting a rally in the NDX to the 2050-2300 region, and then a retest which was supported by todays gap. So that gap is helping make the decision to take profits or hedge my long positions soon. Of course, there is a chance that the gap could get filled today, but I feel that it wont do that today since the market internals are continuing to improve and that I believe that the NAZ/NDX was building a base previously when the market was flat. I realise that many felt that it was negative that the NAZ/NDX didnt do its common strong/quick bounce immediately, but maybe this time it just needed a little base before bouncing. Dont get me wrong, I am still bearish longer-term and if I had to guess, I would say its a 60/40 chance for LOWER LOWs down the road. Just noticed that I could get a CLASS 1 SELL signal in the SOX in 1-2 days, so I will be hedging/taking profits soon.