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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Venditâ„¢ who wrote (4852)2/11/2005 11:00:00 AM
From: Walkingshadow  Read Replies (2) of 8752
 
QQQQ broke out of the range to the upside rather suddenly and strongly now, trading about $37.30 at the moment.

Maybe it will rally a bit more, flatten out into the afternoon, then sell off into the close and form an inverted hammer/shooting star candle on the day? That would fit in well with the anticipated price target below at least, and set up for more downside next week.

<< AAPL on the other hand is flying, up 2.75 as I type. >>

What a surprise!

<ggggg>

Somebody downgraded AAPL today too. Their reasoning was kind of hard to follow.

Not sure why you would downgrade a stock that is among the relative strength leaders in a market that is correcting but in an overall long-term uptrend. But I guess there's certainly no law that says analysts have to make sense.

T
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