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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (7132)3/29/2005 6:41:22 PM
From: Vendit™  Read Replies (1) of 8752
 
Jill,

I think PD is very close to a bottom based on the L/R channels as well as the position of the stochastic lines but there is no indication that it is a buy just yet. Also William’s %R show me that the bottom is near.

139.142.147.218

The general trend is up so a bottom at 92-93 is more likely than a bottom at 90.

In the following chart you can see the lower trend line and probable reversal point.

themarketwind.com

Reid
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