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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: J.K. who wrote (8270)	5/1/2005 8:54:02 AM
From: Vendit™	Read Replies (1) of 8752

I only look out a few days since I am a short term trader and the chart that I posted, which is a zoomed time frame of your chart, is short term bullish: stockcharts.com[h,a]daclyyay[da][pb50!b200!f][vc60][iLk12!Li14,3]&pref=G Friday’s candlestick is bullish Fast stochastic has a buy signal in place MACD has a buy signal in place All of the above occurred on rising volume If this is a true shift in the over-all trend then I think you will see the 50/200 shift as well. The earlier discussions that Terry and I had beginning back in February using Linear Regression studies predicted a correction of the QQQQ down to about 34.50 some time in mid April and a reversal at about that point. So far those February charts have proved highly accurate. On the other hand we nor I have not conducted a study beyond the reversal in April and the 50/200 is a slower barometer than the indicators that I posted above and the 50/200 is certainly worth watching.

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