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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (5466)2/27/2005 4:58:43 PM
From: Venditâ„¢  Read Replies (2) of 8752
 
PFE is about to run out of steam based on both the lower indicators as well as the candlestick pattern.

139.142.147.218

Count backwards to the fifth stick which is very tall. That is the power candlestick and is what will be controlling the current trading range. The top of it will be upper resistance and mid-point will be first lower support and the bottom will be main support.

Those numbers are as follows:

Top= 27.75

Mid-line= 26.18

Bottom= 24.60

Reid
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