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

To: Walkingshadow who wrote (2268)	11/23/2004 6:46:56 AM
From: Vendit™	Respond to of 8752

There is enough daily volume in yesterday’s candlestick to convince me that it is a formation of a short term reversal indicator. I changed the stochastic setting to a 5-3-3 and of course it now agrees with my above statement. 139.142.147.218 The setup “could” be a Bear trap setup moving into Wednesday, prior to the long weekend. Experience tells me that traders will be afforded some long buying opportunities as we move into the close on Wednesday. Wednesday as you pointed out should be a typical Bear day ahead of the long weekend. Reid