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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (2530)12/8/2004 6:57:03 AM
From: Venditâ„¢  Read Replies (1) of 8752
 
Terry,

Re: SPDV

If you look closely at that 90 day chart and notice where most of the daily range candlesticks have historically traded you will see that SPDV is now sitting on or near a medium term support level.

139.142.147.218

I slowed the stochs setting down and see that it is near a bottom but may have another session or two before it can gather any long legs. The over-all trend is slightly up with downside potential from this level of about $1.50.

It needs a news release to enable a lift-off from the 20-EMA.

Reid
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