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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Spreck who wrote (7829)4/16/2005 4:40:48 PM
From: Vendit™  Read Replies (2) of 8752
 
The below linked chart is showing a 3 year time-frame in weekly increments. The candlestick from last week is very bearish and suggests a continuation of the downtrend into Monday.

themarketwind.com

The trading range from Friday has breached the power candlestick’s trading range so a move to the next support level (8.80) is probable.

Keep one eye on the QQQQ because a recovery in the QQQQ will cause F to bounce as well.

Reid
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