Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Walkingshadow who wrote (3599)	1/6/2005 6:22:00 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Terry, See my chart of 12/27 predicting the decline of the QQQQ for a comparison. themarketwind.com The chart is of this morning’s view of the QQQQ and why I think we are going to see a reversal today. themarketwind.com Reference the above chart which is through the close yesterday. The QQQQ managed to penetrate first lower support at the 38.90 level but is now sitting on the six month long term trend line. A reversal hammer formed yesterday on declining volume as fast stochastic entered the buy zone. From here the QQQQ will either slide sideways or quickly reverse back to the upside intraday under normal market conditions. Reid