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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Venditâ„¢ who wrote (7564)4/8/2005 11:42:14 AM
From: Walkingshadow  Read Replies (1) of 8752
 
QQQQ traded above $37 for a little while but got turned back.

139.142.147.22

I think it will make another attempt, but get turned away again and finish down on the day below $37. The daily chart shows early sell signals, mildly overbought conditions, and the BBs again starting to contract. I think the BB contraction will get resolved to the downside, and QQQQ will head towards $35 in the coming weeks.

139.142.147.218

There has been progressive weakening in OBV since mid-February, as you can see. This is not consistent with a rally up to $38 levels, and is more consistent with failure at the current test of resistance. Looks pretty much the same with the faster stochastic:

139.142.147.218

....all IMHO,

T
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