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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: rrufff who wrote (8268)	5/1/2005 10:54:37 AM
From: Vendit™	Read Replies (2) of 8752

The QQQQ is definitely oversold in a three year time frame and due for a longer term rebound as indicated by the stochastic indictor in the chart linked below. themarketwind.com Looking at a 90 day time frame and the shorter term indicators through Friday, everything points to a short term move up beginning Monday. stockcharts.com[h,a]daclyyay[db][pi!d20,2!f][vc60][iLk12!Li14,3]&pref=G As I previously stated this morning, we had a confirmed stochastic buy signal on Friday with heavier volume as well as a bullish candlestick. William’s %R also points to a reversal of trend so a move to the 20 day SMA is highly likely by Wednesday (35.60). A close above 36.60 would clear the way for a continuation move to the upper Bollinger band at about 37.00.

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