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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Zeddie88 who wrote (6912)3/22/2005 7:27:05 PM
From: Venditâ„¢   of 8752
 
Sue,

You have a great question. The simple answer is that since the lower support level that I talked amount in Sunday's TMW was broken today, the short term game changes. A good trader has to recognize when the market is telling him or her something and then act on the information.

At two PM today Alan Greenspan has once again changed market dynamics with his mouth. The result was an intra-day sell off and a breach of an important support level on the Qubes.

The upswing will come but not before the QQQQ finds a new short term bottom. The Linear Regression Channels are the best way to illustrate my point.

Message 21159462

Reid
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