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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Carolyn who wrote (8484)	5/8/2005 9:39:01 AM
From: Vendit™	Read Replies (2) of 8752

The current chart shows that we had an aggressive run in the markets last week which took the QQQQ to an over-bought status and has readied the Qubes for a short term correction back to a support level. themarketwind.com In the chart above there are a number of top indicators, which I have pointed out with annotations. One of the strongest indications being resistance at 36.00 as well as the candlestick combination. Looking out longer term you can clearly see the over all correction that Linear Regression charts predicted last February is now ending with the bounce that is taking place in the chart below. themarketwind.com The bottom line is that we should see a short term correction shaping up followed by a continuation of the current up trend and a break out above 36.00.

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