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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (5742)3/2/2005 7:55:28 PM
From: Vendit™  Read Replies (1) of 8752
 
Clarification on Sunday’s Analysis and today’s target hit:

The target hit the upper Linear Regression line at $38.00 today leaves a hollow candlestick (bullish) with a bearish shape (gravestone)

139.142.147.218

From the Sunday analysis:

The Linear Regression study below agrees with the $38.00 area as being the top of the normal trading range. Any move above the 38.01 - 38.14 area should be considered a break-out.

The above cycle should take two to four days to play out.

There are two targets in Sunday’s analysis that are not yet hit but were described as a Break-Out condition in the analysis. The chart from today’s target hit: 38.14 and 38.48. Those targets remain untouched, however we just completed day three of my four day outlook.

See the custom chart below:

themarketwind.com

From Sunday:

The above cycle should take two to four days to play out.

Message 21085023

Reid
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