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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (1015)	8/10/2001 5:51:16 PM
From: Vendit™	Read Replies (1) \| Respond to of 8752

It did manage to close back above 1938 but note the daily candle is still making contact with the lower bollie. This is not a market to get too comfortable with as far as reversals go just yet. Also note that todays candle is shaped exactly like Thursdays. Lower lows continue, 15-5-5 stochs showing no sign of a reversal. askresearch.com 5-3-3 only shows we are close to one but no confirming signals yet. The only positive thing I see after todays action is the fact that it closed back above 1938 so it looks like the bottom is forming in this area. askresearch.com Once a daily candle bottom pulls away from the lower bollie line without touching it will be one confirming signal that a bottom is well underway.