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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (5774)	3/3/2005 10:55:39 AM
From: Walkingshadow	Read Replies (1) of 8752

<< This paints the picture over the longer term that the break out of range will be up rather than down once we get to that point but this is based on speculation and not technical analysis. >> I think there is technical evidence that you are correct. QQQQ is in a long-term uptrend: 139.142.147.218 Volume patterns are consistent with accumulation. The market has not yet reacted to this, but it will. Still, as we've posted, it looks like we have to visit lower levels before QQQQ can gain enough momentum to end this correction and power through that stiff overhead above $38. T

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