Ask Vendit Off-Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask Vendit Off-Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vendit™ who wrote (7794)	4/14/2005 3:13:40 PM
From: Walkingshadow	of 8752

Well, 35.66 didn't hold. All the way down to 35.50, on strong volume----133 million shares so far going into the last hour. The previous two days were also strong volume---145 and 109 million shares vs. 100 million average. When you combine these with the candle developing today, we are building a wall of volume---power candles. When QQQQ drops below this zone and stays there, it will have a tough time negotiating that resistance, just as we saw with the heavy resistance regions at 38 and then later just above 37. stockcharts.com[w,a]daclyyay[pd20,2!b50][vc60][iLyb20,2.0]&pref=G This situation raises the very real possibility of a more prolonged sideways move in QQQQ below 36, with repeated tests at 36 being turned back. BB width yesterday was the lowest in over 3 years (0.99). Now it is 1.16 T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next