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AnderL

03/23/05 10:38 AM

#5611 RE: renshen1 #5609

NXG It filled the gap at 1.46. It needs to find support at the gap with healthy volume without breaking down through it. If it does it will continue down. The worst part of the pattern is it filled the upside gap first which means there is nothing to lure traders to the upside. NXG can move down unimpeded. GSS fell as well but holds an upside gap to fill. It may be one of the reasons it's getting a green bounce today.

BTW - Look at DROOY go. Seems like it has more to do with currency exchange than anything to do with the company. At least that is my opinion.