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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (3113)12/28/2004 10:39:42 AM
From: Vendit™  Read Replies (2) of 8752
 
Rich,

And as I predicted yesterday, SIRI fell back this morning to fill the lower gap created yesterday on the surge Monday as profit takers and panic sellers do their typical thing.

See the 2-day / 5 minute chart:

themarketwind.com

The daily chart on SIRI shows that selling will probably continue so an entry long is not quite ready. A move back to the 20 EMA is likely, then a recovery bounce. I’m guessing the $7.60 range, not having charted the lines yet.

139.142.147.218

Reid
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