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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (4556)	2/3/2005 3:53:55 AM
From: Vendit™	Read Replies (2) of 8752

Terry, Re: By the way, I think we're nearing the end of this relief rally. We may see an intraday run at the $38 level (probable), but downside momentum should pick up soon, maybe later in tomorrow's session. I tweaked your settings to a little to a faster pase on the QQQQ and agree that we should see some profit taking begin today. Yesterday’s candlestick bumped the 20EMA which sometimes acts as a resistance zone so the gap at $38 may not fill prior to reversal. The candlestick formed yesterday is a hammer. Hammer’s often mark short term tops. Fast stochastic is over 8o in the sell zone. Williams’s %R is now flat. 139.142.147.218 Reid

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