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To: Gottfried who wrote (59535)5/16/2002 1:17:38 PM
From: rkral  Read Replies (1) | Respond to of 77400
 
ANOTHER gap up from the island

I understood MM to be talking about the bullish island created between the downside gap on 4/22 and the upside gap on 5/8. As a bullish island, it is upside down from the example you cite. MM is apparently expecting the 5/8 gap to be closed.

You seem to be talking about the consolidation ("island") between the upside gap on 5/8 and a 2nd upside gap on 5/14. Apples and oranges.

Omitted dates/prices/directions cause TA confusions.

Ron



To: Gottfried who wrote (59535)5/16/2002 4:44:14 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 77400
 
Well maybe it's going to run on up then. Who knows? I'm just taking it a day at a time and it sure looks strong to me today. Thanks for the links. Interesting reading.


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