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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (5227)2/23/2005 5:36:51 AM
From: Venditâ„¢  Read Replies (2) of 8752
 
Terry,

Looking at 15 minute time frame frames you can see a bottom forming and also see the oscillators in position to make another move up early this morning just after the open.

139.142.147.22

Lower support is at 36.87.

The daily chart shows an inverted hammer formed yesterday which is another sign that a bottom is being put in place.

139.142.147.218

All oscillators are at or very near their reversal zones. William’s %R is nearly touching 100 on its scale so we should see an intra-day reversal of the QQQQ begin today.

Reid
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