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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (4324)	1/27/2005 6:53:09 PM
From: Vendit™	Read Replies (1) of 8752

Jill, I had a few minutes to draw this AAPL chart for you that zooms to a 30 day and clearly shows the “power candlestick” that I referenced in my previous post to you. themarketwind.com I don’t believe that I was clear enough in my answer to you and is why I wanted to take a few minutes to reiterate my previous statement. In the above chart you can see the huge volume filled candle that occurred when AAPL launched above previous upper resistance of $70 making $70, now support. That huge volume filled candlestick is called the “power candlestick”, which is a phase that I coined. That stick contains so much volume and height that the subsequent days will be “contained” within that Power stick’s trading range. I marked the range in yellow as a reference. It will take a substantial happening, technical or fundamental to make AAPL move either above or below the range of that stick. I hope this helps. Reid

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