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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (35417)	3/28/2002 2:18:50 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

<<NDX rise is pretty wedgy off the late Tuesday low.>> Huh. Yesterday's NDX low was almost the same as late Tuesday's low. Was that an overshoot down on the wedge with today's gap up bringing us back in? Or am I looking at something all wrong (again)? FWIW, I've been paring back my longs here -- too long near the Naz resistance today and too near the long weekend. I've got VERY tight stops under my other longs, too. I do recall, though, that normally days that gap up and hold the gap tend to close strongly, though a move much higher on the naz, over serious resistance on the day before a holiday weekend would kinda surprise me. Wedges wedges everywhere, and not a drop to drink. the freep