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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (7669)	4/11/2005 7:53:14 PM
From: Vendit™	Read Replies (2) of 8752

From Yesterday’s “The Market Wind”: A study of the six month fork chart below reveals several interesting technical developments. First note that that the six month and the sixty day lower fork tine trend lines have almost exactly the same lower path and they are both aligned very near long term support at 36.00. 36.42 is where I believe the lower end of the current trading range will be for the next two days. This level is evidenced in several technical ways. You can clearly see this same support level on the 30-minute intra-day chart: themarketwind.com The fork chart: themarketwind.com Today’s market action shows several bounces off of and a successful close above 36.42. themarketwind.com

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