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To: bcrafty who wrote (16803)	10/17/2001 11:22:13 AM
From: AllansAlias	Respond to of 209892

Gap down on Sep 17. Gap up on Oct 11.

To: bcrafty who wrote (16803)	10/17/2001 11:23:37 AM
From: The Freep	Respond to of 209892

Try a peek at this chart, bcrafty stockcharts.com and you can see the Naz island. Took many many days for the gap up to leave it as an island, but there it is nonetheless. the freep

To: bcrafty who wrote (16803)	10/17/2001 11:25:24 AM
From: Doo	Respond to of 209892

bcrafty....I agree with you and the way the issue is resolved is determined by how you define the necessary gaps to create the island......price gap or true gap. A true gap is created where the intraday high or lows do not overlap at all, whereas a price gap is nothing more than the open/close differential. I use the true gap to determine whether an island was created because as the concept symbolizes, once on the island, the trader never gets off. ;)

To: bcrafty who wrote (16803)	10/17/2001 11:25:31 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

Yes, I was referring to NDX island. I know it's not as strong when you only see it in one chart, but I'm intentionally trying to find bullish technical reasons here to counterbalance my bearish fundamental views. While the fundamentals matter on the long haul, they are virtually irrelevant in the shorter time frames, and it's hard for me to fight the tendency to trade the fundamentals so I compensate by really reaching for reasons to fight my fundamental views. Also, I've had a great few years' returns in the last couple of months, so I'll take almost any reason to just step aside. Island reversal up was a decent one. Sorry for the confusion. BC