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

To: Vendit™ who wrote (2700)	12/17/2004 3:29:03 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Yes, I think the MACD histograms particularly are telling in SUP's chart. SUP should play out as you say, but I think it might take a day or two more. SUP is rallying on the day. It gapped down, then they walked it down in very orderly fashion on light volume until the bottom fishers came out of the woodwork and turned it away on strong volume. It should rally into the close now. MRK will have trouble overhead, but long term should do well and I see very low downside risk. Both SUP and MRK are mostly for medium/long term traders only. T