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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (5701)3/1/2005 9:04:17 PM
From: Venditâ„¢  Read Replies (2) of 8752
 
Yes, I am using 63 to find equilibrium for the mid-point today as that should be the session count in the frame.

139.142.147.218

The outer channels are determined from that number. The over-all chart looks consistent as well as reliable. In that I conclude that we are near a short term TOP relief rally of this correction.

I have not looked at intra-day chart data but am willing to bet that it is in Bull –trap rally mode for the opening bell tomorrow.

Reid
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