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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (2576)	12/10/2004 6:35:20 AM
From: Vendit™	Read Replies (1) of 8752

SIRI’s chart is showing early technical signs of a reversal back to the upside. 139.142.147.218 The two day candlestick formation is called a “morning star” (bottom reversal) through Thursday’s close. The sudden fall back to lower support followed by the bounce on Wednesday and the follow through on Thursday have given the oscillators enough time to cycle back into the buy zone. It looks like there were a lot of bottom fishers that bought SIRI Wednesday and Thursday. Some consolidation should take place over the next several sessions and back to the upside from here is what I expect. Next resistance is at $12.00. Over valued perhaps but SIRI has captured the attention of many traders over the past several months.

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