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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (3733)	1/12/2005 6:42:57 AM
From: Vendit™	Read Replies (1) of 8752

Good morning Terry, 139.142.147.218 Your notice of the second tall candlestick even further to the left formed back in November is a keen observation. That stick would certainly come into technical play if/when the price of PLAY moves above the top of the candlestick formed in December. The level as you pointed out would be about $29.00, but I am not sure that I would take that as an exit signal. I suppose it would depend on how the rest of the oscillators were setup on their scales at the time. Once again, your observation is a very good one in that once the stock’s price moved above December’s stick, it would certainly be influenced by the next tallest stick to the left. Reid

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