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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (3897)	1/15/2005 8:14:55 AM
From: Vendit™	Read Replies (1) of 8752

Terry I thought that you would like that analysis. As you can see, last week’s QQQQ candlestick (ala spinning top) managed to breach the lowest point of the power candlestick to its left as you pointed out. This paved the way for the coming break of the center line of the Linear Regression Channel and a move to the lower channel which is located at about 35.50 to 36.00. The above scenario will unfold over the next several months with short relief rallies all along. A break of or close under 38.00 will set the stage. Even though this may sound like a dooms day prediction, it will actually just be a normal correction after a stellar run. 139.142.147.218 Reid

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