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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (8817)	6/24/2005 2:56:15 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 23958

Going to let my short uspix go until after the end of the month.Order in before the 3:00 cutoff time<g>

To: Galirayo who wrote (8817)	6/25/2005 5:08:48 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Ray, I agree that we need to take gaps into consideration, but they're only a part of the total picture. A lack of technical support usually means a quick fill, common on small volume stocks, but gaps don't always mean a fill is likely. Sometimes a gap means there's another gap coming up. Here's a good example. (We're shorting this one in our folio). I hope you enjoy it, because the illustration is a text book beauty even featuring MA crossovers confirming the trends. MAT: ttrader.com First gap, up over 19. Price climbs to 52 week high with declining volume. Without filling the first gap, forms a... Second gap closing at 19.02. Makes an attempt at a rebound - (rounded bottom). No volume on right side of curve indicates weakness, leading to a Third gap...a continuation of the second gap. Target is 17.57, the recent low at the middle of the rounded bottom.