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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (8086)	4/22/2005 8:02:28 AM
From: Walkingshadow	Read Replies (3) of 8752

Overseas markets were all in the green, not surprisingly. But the index futures are trading down considerably right now. I don't like the volumes yesterday. I think we'll see some downside to again test support in the very short term. After that, we are looking at upside rally. There will be trouble at overhead, and I expect it will take QQQQ several tries to get above the sequential resistance levels overhead. How strong QQQQ will be is going to depend upon the short- and medium-term volume changes associated with accumulation and distribution, IMHO. I anticipate a buildup there, but this will require some choppiness first as QQQQ repetitively tests support levels. 139.142.147.22 We should see $35.20 today, possibly lower down to test $34.80 T

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