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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (5156)	2/21/2005 8:02:19 PM
From: Vendit™	Read Replies (1) of 8752

Jill, QCOM has moved back down to an area of heavy lower support and “rabbit mathematics”. :) Forget the gap down on the chart and focus on the volume bar on the left of the chart that I highlighted across the current trading range in yellow. Now note all of the candles that are in that area from left to right. Next note that the last retracement zone (34.67) was retested again last Friday. That point on the chart represents the lift-off point in Fibonacci Retracements or “Rabbit mathematics”. themarketwind.com Stochastic is one session from the landing zone. Reid

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