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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (4126)6/21/2001 11:18:24 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
Hi David,

I see an upper gap at about 1800 NDX that's close to being closed.

My understanding of an island requires the market to gap up leaving an unconnected island behind it. So far we have only an upper gap about to be closed. If the market gets over the gap it will become support.

Next upward fork median line is at 2800 Nasdaq. Think we'll make it before 3rd week in July.


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