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

To: sandintoes who wrote (3732)	1/12/2005 7:07:38 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Good morning Sandi, Stem is in a slight down trend, meaning that has just come off of a short term top and is heading for the 20 day moving average line. 139.142.147.218 That would make the bottom (speaking very short term) about 4.50 to $4.60 during this down trend and then it may get a slight bounce from that level. The candlestick that formed yesterday is called a spinning top and it indicates that buyers and seller were equal in number. This shows that it may be near the bottom because both buyers and sellers of STEM have reached a point of uncertainty about what to do. The tall candlestick that formed 6 sessions ago is important. Its top, middle and bottom represent short term support and resistance levels for STEM. Yesterday the price stopped right on top of the mid point of that candle stick. Any good news could drive the stock back above that point. No news and dropping volume and it would drop back to the bottom of that stick, which happens to be about the same level as the 20 day moving average. The stochastic lines need a couple of weeks to cycle back down to the 20 on their scale so momentum can be rekindled and another big move up can be made. Reid