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


To: Chip McVickar who wrote (4128)6/22/2001 12:01:22 AM
From: Moominoid  Read Replies (1) | Respond to of 33421
 
>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.

Yes that's right. I guess I was just looking how we closed just below the gap. Right now, a gap up isn't looking lkely but it's only 2pm over here in Eastern Aus.

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

That would be wonderful :) Have you got a chart of that?

David