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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: MJ who wrote (6227)	3/10/2005 8:49:09 PM
From: Vendit™	Read Replies (2) of 8752

MJ, The chart below is in a 30 day time frame and is showing a now up-trend over-all but as should be expected, the trading range has just moved from the upper L/R Channel and is heading to the L/R mid-band. 139.142.147.218 4.32 marks the bottom of the power candlestick support which is located 4 candlesticks back (tallest). This area also agrees with the L/R mid-line. Now look at the position of the stochastic lines. They are over 80, over-bought. That hints at the possibility that SUNW may fall below the L/R mid-line within several sessions. This would not be a good time to take a long position in SUNW if you want to pick a perfect bottom setup. Look at the three month chart: 139.142.147.218 IMO Reid

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