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An interesting relationship has developed with recent gaps. The one
which has received the most attention recently is the 6/2/00 gap which
was impressive in it's size and energy. This appeared in the general
vicinity of a 25% retracement. However, there have been 3 others,
according to my data, which have established a support line at what
would now be the .38 retracement line on the cash SnP. The attached gif
illustrates this relationship.
Ned Markson
http:\\www.erols.com\cnedgo
Attachment Converted: "f:\eudora\attach\gap.gif"
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