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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (1212)5/10/2002 12:41:52 PM
From: Monty Lenard  Respond to of 1487
 
Hmmm, Paul I have never fooled with the middle of the gaps. If I did it would be very very very quick looking for a teeny on a bunch of shares.

As an after thought, I would have to guess the middle play would be playing off something other than the middle of the gap...old support (I see them gap above that many times), a big round number or some such.

Monty



To: Paul Shread who wrote (1212)5/10/2002 12:44:32 PM
From: Monty Lenard  Respond to of 1487
 
Speaking of big round numbers the ndx is at 1200 right now and could provide a brief bounce.

Monty



To: Paul Shread who wrote (1212)5/10/2002 1:04:09 PM
From: Monty Lenard  Respond to of 1487
 
Paul, that congestion back at the first few days of May at 1200 is the cause for the 'mid gap' bounce rather than the mid gap itself IMHO.

Monty


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