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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (3926)	1/16/2005 4:34:23 PM
From: Vendit™	Read Replies (2) of 8752

Good afternoon Rich, Re: SII and BJS Thank you for reminding me about your two tickers and the analysis you requested. I had NFL football on my mind last night as I am a big Atlanta Falcons fan. SII is very near its technical top for several reasons. It has had a major run over the past 7 sessions since it jumped off of its lower Bollinger band. This last Thursday it made contact with its upper Bollinger band which means that it should be about out of momentum for this technical cycle. Any move above the upper band would be a move that should be considered extreme and short lived. I drew three lines of short term upper resistance on the chart that coincides with the power candlestick to the left of its current trading range. I don’t find it odd that the upper Bollinger Band happened to be located parallel to the first lower resistance line at 57.23. Look at the stochastic oscillator beneath the main chart. The settings are conservative and are nearly in the sell zone. This is a confirming indication that SII is near its current technical top. William’s %R is also beginning to waver and is also at the top of its scale where reversals take place. SII is not a good candidate to take a long position in at this time. I drew a custom chart of SII for you: themarketwind.com BJS is not a technically mature in its cycle as is SII. It has only reached its 20 EMA line and its stochastic oscillator lines are only 50% of the way up their scale. 139.142.147.218 There is considerable volume and resistance in the area of $46 and is why the stock has been stopped there the past two days. Given enough volume it should break through that level and make a run to the upper Bollinger Band during this technical cycle. Look for major resistance at $47.40. Reid

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