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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (5621)	3/1/2005 12:23:51 AM
From: Walkingshadow	Read Replies (1) of 8752

Hi Reid, As near as I can tell, I think the level in question is about $36.34. On the weekly chart, the 4th candle in October (the hollow one) successfully tested overhead at $36.34 and powered right through it. 139.142.147.218 The chart support level just below that looks to be $35.53, which is the bottom of the previous week's candle. This also represents a successful test of significant support following the V-bottom reversal in August, and the subsequent strong rally to the consolidation plateau that took place late in October immediately before the election rally. These may not be exact, but I think they are pretty close. So I suppose these might be places where reversal could occur as well. I'd say the lower of the two ($35.53) is more likely. T

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