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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (2937)	12/22/2004 11:31:54 PM
From: Vendit™	Read Replies (1) of 8752

Terry, This is from the cuff so please take it that way. The norm on a bounce like PRPX has in place would be (3 white soldiers) lined up in a row to complete the major portion of the move up. 139.142.147.218 The reference to a white soldier is a comparison to the tall white volume filled candlesticks. Now look back at your above chart. You have two of three white soldiers in place; one left to go Now note the MACD indicator. It is heading towards a mo-mo cross-over…………….but! It is not close enough to say that it will make that cross tomorrow. MACD is a slower trending indicator so unless all other indicators are aliened perfectly and synced, I would wait another session before diving into PRPX. Expect the 3rd white soldier to be there for you tomorrow. A top should form after that. Reid

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