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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (2263)	11/22/2004 9:04:20 PM
From: Vendit™	Read Replies (2) of 8752

Terry, Now we have a full move back to the 200 EMA, which is a sort of support area. The candlestick which formed today is called a hammer and can be considered a “first” indication of a short term bottom. Please note the bounce off of the 200 EMA Linear Regression Line today as short positions were closed out on higher trading volume. That can be considered a second confirming short term bottom marker. 139.142.147.218 Personally I am a little surprised to see this rally mode ahead of the long holiday weekend. Longer term trending indicators are also turning up but are not shown in my above chart. Reid

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