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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (2217)	11/18/2004 6:43:00 PM
From: Vendit™	Read Replies (1) of 8752

A big <g> plus an lol! I am admittedly a Mark Twain fan plus I am familiar with Twain’s quote "There are three kinds of lies: lies, damned lies, and statistics." Nicely done Terry. I fall into Twain’s of quote “statistics”; however I consider statistics and mathematic oscillators as applied to a stock or a market index as a truth detector and not a lie. The chart below shows a 90 day Bullish chart of the QQQ with a Linear Regression Channel metric of 200 dma. Once again the daily range hit the top of the upper channel, which suggests an extremely over-bought QQQ; I.e., a short term market top; post election sell-off is due. 139.142.147.218 Falling oil prices are holding this Bull in place for now but the bull is heavy and will fall soon. The historical trend and Linear Regression Channel clearly indicate this. Reid Ps: Is the download link in your post something that I can bookmark for my personal use?

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