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To: JRI who wrote (12813)4/19/2001 8:43:32 PM
From: Boplicity  Respond to of 13572
 
Thanks, I have no idea when and how much the market will sell off. I don't believe it will be too much of a sell off, maybe 10 15% or so, if that, but I'm sure it's close at hand. Maybe we will go down and close the gap 1870. I still can't understand why gaps have to be closed after a stock runs past one in a rally. I can understand why gaps are resistance areas once the stock comes back up to that point. People the might have been left behind when the gap happen, sell when the stock gets close to it. here is a good example. KLAC

stockcharts.com[w,a]dbolnimy[dd][pb25!b50!b100!b200!a46!a48!f][vc60][iUc20!Ua12,26,9!Lb14!Lf!Lg!Lj[$spx]]

Notice how the stock has had trouble making it over the gap.

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