Hi FA, you know what they say about gaps, they almost always get filled sooner or later... In this case and with the type of downtrend I am expecting I believe that gap at 25 gets filled some time this year. Also there is a 50/200DMA crossover just below that area and on an estimated time scale I would not be surprised if that area is where it will find support into the year end rally that I think we will get after a substantial correction takes place for a better part of the year.
Also there is quite a bit of support in that 25 area, Aug & Nov'02 as well as Jan'03. There also exists another major gap around 23 and even another smaller one below 20, but we probably do not revisit those this year, maybe 2006?
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