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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gush who wrote (6815)	3/20/2005 7:27:22 PM
From: Vendit™	of 8752

Good evening Gush, Your observation is a good one about the Bollinger bands. Expansion as a rule means a “continuation of trend”. The current trend is down. I also see that in the charts that I studied today and posted in The Market Wind newsletter. Look at the last chart on the page linked here: themarketwind.com The Qubes are at a critical juncture as of Friday’s close and could go either way. I made the call that the evidence was weighted for a bounce at this particular support level because there are numerous technical indicators that convince me that will be the case. A word of caution for anyone who reads this post or my newsletter: Never try to pick an exact bottom or an exact top. If I were you I would wait to see if the fast stochastic lines confirm the new up-trend as well as if the support line at 36.39-36.46 holds before you make an entry. If support fails then the entire analysis will change. Reid

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