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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gersh Avery who wrote (7160)	3/30/2005 5:35:57 PM
From: Walkingshadow	of 8752

Bullish candle today on good volume (115 million vs. 96 million average). It is starting to look like $37.25 might be a good reversal point (that's about where the 50 sma sits now). stockcharts.com[w,a]daclyyay[dc][pb50!b20][vc60][iLg!Lp14,3,3]&pref=G Considering the status of the technicals, we might see QQQQ hover in that congestion area just above $37 for a bit while it digests gains in a weak market and waits for the technicals to set up for the kill. QQQQ remains very oversold, and I can't see the stochastics turning back south until they get up to 45 or 50 or so, and that will likely take a few days. 139.142.147.218 BBs opened up nicely now. I'll be looking to exit long and go short no lower than $37. stockcharts.com[w,a]daclyyay[dc][pb50!d20,2][vc60][iLg!Lyb20,2.0]&pref=G T

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