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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sully- who wrote (686)7/14/2001 6:51:18 AM
From: Venditâ„¢  Read Replies (1) of 8752
 
NTAP broke $12 but failed to close about that resistance point. Williams is now showing some weakness and short term stochastic is getting mature in this cycle. If williams goes flat of bends down, that is typically an early warning that the trend is reversing.

A close above or below $12 on Monday should point to the stocks direction for the next few days. I always discount afternoon weakness that happens on a Friday because traders normally exit the market for the weekend.

askresearch.com

JMO
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