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


To: Venditâ„¢ who wrote (2374)12/2/2004 6:31:51 AM
From: Walkingshadow  Read Replies (2) | Respond to of 8752
 
Here's an interesting one....

I traded this one recently when it started showing signs of a breakout from its consolidation, which worked out nicely. ROST likes to periodically consolidate sideways.... the breakout, you will see, is not always to the upside, but is generally quite strong.

Note the trendline in the stochastic lows.

T

139.142.147.218

Futures starting to shape up a bit, and European markets looking better too. Hang Seng, Nikkei, and Taiwan Weighted already finished up on the day. Index futures still fairly flat, but oil is coming down now, and the dollar appears to be stabilizing here for the time being. We could get some follow-through tomorrow, but so far there seems little evidence of a gap at the open either way.