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

To: Vendit™ who wrote (3490)	1/4/2005 6:19:36 AM
From: Walkingshadow	Respond to of 8752

Yes, this one could go either way. The chart looks bearish, but the oversold conditions together with OPECs determination to stabilize prices suggests the H&S will not confirm. We could see this resolve into an extended sideways trading range. That would probably be best for all concerned, and most likely that's what OPEC would like to see. T

To: Vendit™ who wrote (3490)	1/4/2005 6:25:38 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Tell me what you think of this one: TMTA. This is a stock that I traded earlier this year when it was in a nice trading channel, but then the breakout was to the downside. I see a cup and handle on the 2 year weekly chart, with volume tapering off now, and Williams down to the zero line. 139.142.147.218 I am thinking a reversal at $1.50 is coming up in the not too distant future. That is chart support from 2003 that you can appreciate on the weekly chart, but is also chart support from September: 139.142.147.218 I am thinking this one bears watching, since it has found a bottom at $1.00, and has a lot of potential upside. What do you think? T

To: Vendit™ who wrote (3490)	1/4/2005 6:31:50 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Crude now trading at the session lows, below $42. Index futures are fairly flat, but have been trading a bit in the green all night. Overseas markets are mixed, mostly up a bit. Miraculously, the dollar is up. Maybe there's something wrong with my charts there...... <gggg> I think we may get a bit of a gap up at the open, then the markets will tank over most of the rest of the session and finish down some on the day. Some negative earnings news and downgrades on the early wires..... T