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


To: Walkingshadow who wrote (3486)1/4/2005 6:20:12 AM
From: Venditâ„¢  Respond to of 8752
 
Terry,

I did a sector scan last night and it turned up mostly trash for the long side. The heat map was blood red so I agree with you that today is going to be a short side correction day to begin with.

Reid



To: Walkingshadow who wrote (3486)1/4/2005 7:09:11 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
Terry,

Based on the strong market sell-off today and the custom Rabbit chart that I drew a few days ago suggesting that the Qs might drop back to first support of $38.96:

themarketwind.com

and a probable trip to 38.00:

Message 20891731

I would say that your short call on the QQQQ and other stocks this morning was rather brilliant in retrospect.

Message 20913052

Reid