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S&P 500
5,973.10
(
0.74%
)
US TECH 100
20,544.40
(
1.59%
)
Dow Jones
43,729.34
(
0.00%
)
Brent Oil
75.00
(
-0.62%
)
Bitcoin
75,798.08
(
-0.13%
)
Post# of 704019
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gtober

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gtober

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Re: Zeev Hed post# 94648

Monday, 04/07/2003 9:00:51 AM

Monday, April 07, 2003 9:00:51 AM

Post# of 704019
Geez, not to throw cold water on the new bull market. Who knows, maybe Nasdaq 2000 is right around the corner. However, today will make the 5th and arguably the 6th - in the case of the $COMPX - gap under this market. While one can make the case of a breakaway gap not going filled for a long time, if ever, 5 gaps cannot be sustained.

As traders, the trend is obviously up and I can come up with targets well in excess of 1500. However, what is the likelihood that a serious continuation can develop with 5 gaps underneath?

GT

GT

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