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

To: Chuck Williams who wrote (74754)	4/11/2001 11:30:14 PM
From: Les H	Respond to of 99985

Three gap play is a candlestick formation for a stock which makes three gaps with the last being an exhaustion gap, not necessarily three days in a row. The Nasdaq made successive higher volume for each gap day. Nasdaq, NDX, and QQQ have made three successive gap up days. Date NDX open NDX prior close NDX gap Mon 04/09 1472 1448 24 Tue 04/10 1515 1481 34 Wed 04/11 1694 1597 97 total NDX gain is 199 total NDX gap is 155 gap is 77% of total gain 80% of the QQQ's total gain is gap