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

To: Les H who wrote (78882)	6/17/2001 10:05:57 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Les Horowitz: Isn't NDX still within the 4/17-18 gap? That's how it played out on my screen. The NDX began to fill its 4/17-18 gap-up (daily bars) last Thursday, then with Friday's "opening" gap-down the follow through momentum dropped the price action below the 4/17-18 gap then rallied back up to fill Friday's "opening" gap-down followed by what for the most part was sideways trading action inside the 4/17-18 gap-up, closing just a little above the lower boundary. The 4/17-18 gap-up has been filled for the NDX and the QQQ. However, the Naz Comp for the most part bounced (with a little dip into the gap) right at the upper boundary of the 4/17-18 gap-up. I am not sure what you are talking about regarding the high price of 1714 of two days earlier. My QCharts "Intraday" - NDX (NASDAQ 100) 30-Min Semi-log Chart The 6/13-14 gap-down (daily bars) were not drawn in on this chart, but have been since I uploaded it...<g> marketdirectionanalysis.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG