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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (6039)3/6/2005 3:21:17 PM
From: Walkingshadow  Read Replies (1) of 8752
 
The long-term regression channel chart suggests the possibility that $38 may be exceeded briefly:

139.142.147.218

But I think this is very unlikely. One reason is that when you home in on the more recent trend (medium-term correction), I think you see a different picture:

139.142.147.218

So as you suggest, I agree we will see downside this week, and in the coming several weeks I see QQQQ trading down to the lower regression channel rails.

I wish I could plot these two regression channels (52 week and 13 week) simultaneously on the same chart... it looks to me like the upsloping long-term regression channel intersects the downsloping medium term regression channel at roughly $35.50, at a time point that looks to be about 1 or maybe 2 weeks into April.

Can you draw these out and post? Just combine the two charts above into one? I think that would be very interesting.

Thanks,

T
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