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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (12841)2/26/2002 7:09:07 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 26752
 
I was really curious about your commentary on the NAS...

I see breakout....a technical breakout on Thursday....why...4Q GDP will be revised higher maybe +1%

Wed. watch mid channel fake reversal? 1705 heavy support IMO

JMO...we are setting pretty here for nibbles and calls.

home.earthlink.net

do you have a 40ma on that chart? wish you did...all I need is 40/200ma...I want to see 3 hills and a tail! Bring on the tail!....I'm kinda bullish!



To: Susan G who wrote (12841)2/26/2002 8:26:50 PM
From: RKHIII  Read Replies (2) | Respond to of 26752
 
Susan: One question: Why do you call it "gap RESISTANCE"? My understanding is that gaps are like magnets (although sometimes weak ones) which tend to pull price in the direction of the gap. I would think that a break of the downtrend line is somewhat inevitable in order to fill that gap to 1801, although there's no way of determining if that fill will cause a reversal.

Am I wrong here?


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