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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (4565)	2/3/2005 8:27:24 AM
From: Walkingshadow	of 8752

Hi Reid, IACI is bearish, but there is strong gap support below. I would look to cover the short just above the lower BB rail at recent chart support, which would represent a partial fill of the gap. 139.142.147.218 ANSI is also bearish, and should soon test support at 36. There is a significant chance that support may be broken, particularly if the market resumes the medium-term downtrend: 139.142.147.218 Futures are trading down somewhat, overseas markets mostly down, oil is trading down into the mid-$46 range. Overall, looks like we are looking at the markets opening flat or gapping down modestly, so we today's session will probably represent the beginning of the resumption of the correction we have been anticipating. All in all, short looks like the place to be for now. T

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