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

To: Walkingshadow who wrote (3087)12/27/2004 3:48:59 PM
From: Vendit™  Respond to of 8752
 
I was expecting a rally into next week, but I can't ignore the above. So I'm short QQQQ here.

A wise decision IMO Dr. Terry. The Qs have a sell signal in place so a short term down trend to find next support is what should be in order.

I'll try to have a 6 month custom S/R chart uploaded for you by in the morning, complete with "power candlestick".

Reid



To: Walkingshadow who wrote (3087)12/27/2004 5:52:38 PM
From: Vendit™  Read Replies (1) | Respond to of 8752
 
Dr. T,

Here is the custom QQQQ chart that I promised. Please study it and add your wisdom to what I have calculated and drawn.

themarketwind.com

Note the Regression Channels that I've added via "Rabbit Reproduction calculation style" for your convenience. <g>

I have a short term and a long term lower target on the above chart if you are going short the Q's.

Enjoy

Reid


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