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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (1304)	11/7/2001 11:46:59 PM
From: AugustWest	Read Replies (2) \| Respond to of 23786

Gloop, depending on how one defines filling the gap or if we even NEED to, I agree we have had a good rally from the bottom, technically speaking. But if we question what has supported it, nothing positive comes to mind. If so, it escapes me at the moment. Now, if we talk about the gaps, myself personally I like to see them filled with at least a day of close below followed by a move up. Not intraday- furthermore, I like to see it bounce around there for a while to give even more support in those respective areas. This might be just me, but intraday does not constitute filling the gap. So we got gaps to fill all the way from the bottom. Again, I'm not saying we need to fill them, but usually if they aren't filled it's for a pretty concrete reason, not hopes. If anyone recalls before the 9/11 attacks, I was saying those gaps needed filling also. I believe they would have filled regardless. The attacks just sped things up. Now we slingshotted back up and beyond the pre attack levels And nothing has imporoved IMO. We got cheaper money. Whippy do da day! Just think, it can't get much cheaper from here. At the rate we are burning through rate cuts, we'll be at or under 1% before spring. Granted the Fed might slow them down to 25 BPs, but still, that is not going to solve the problems. In fact one might argue they are perhaps hindering a recovery by putting off the inevitable. Methingk AG and company are going to be doing a lot of praying these next couple, few months.