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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Walkingshadow who wrote (4129)1/22/2005 10:12:24 AM
From: Vendit™  Read Replies (1) of 8752
 
Terry,

I agree with you and will remind you of your prediction of no more than a week ago. “The QQQQ may correct all the down to $35.00”.

In the weekly timeframe Linear Regression Channel chart below you can clearly see the bearish candlestick that forms the trading range for last week has now breached the mid-line. That sets us up for a continuation to move do to the lower channel line which happens to be very near your previous forecast of $35.00 Dr. Terry.

139.142.147.218

<gg>

I won’t even mention the oscillators.

Reid
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