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

To: Walkingshadow who wrote (3897)	1/15/2005 8:14:55 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Terry I thought that you would like that analysis. As you can see, last week’s QQQQ candlestick (ala spinning top) managed to breach the lowest point of the power candlestick to its left as you pointed out. This paved the way for the coming break of the center line of the Linear Regression Channel and a move to the lower channel which is located at about 35.50 to 36.00. The above scenario will unfold over the next several months with short relief rallies all along. A break of or close under 38.00 will set the stage. Even though this may sound like a dooms day prediction, it will actually just be a normal correction after a stellar run. 139.142.147.218 Reid

To: Walkingshadow who wrote (3897)	1/15/2005 8:48:24 AM
From: Vendit™	Read Replies (2) \| Respond to of 8752

Terry, I just did a comparative look at all of the major indexes including the DOW, NASDAQ, RUSSELL 1000, 2000, 3000, Biotech, Gold and SEMI Conductor. All show the same chart that the QQQQ does….they are falling off recent tops and looks like are going into short mode for about two months of correction period. 139.142.147.218 139.142.147.218 I found one sector that looks like it is coming out of a correction and good to play long: The CBOE Oil Index 139.142.147.218 Reid