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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gersh Avery who wrote (6054)3/6/2005 3:37:00 PM
From: Vendit™  Read Replies (1) of 8752
 
Gersh,

I replicated your fork charts on the QQQQ to get an idea of where they projected the lower level if the first lower fork fails.

Your first chart looks like this on the Q’s:

themarketwind.com

Lower investor sentiment support level just above $35.

Your second scenario id the lower fork fails chart id here:

themarketwind.com

That lower line looks more like $32 on the Q’s. Thank you for posting the charts and for introducing the new methodology to this forum.

Reid
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