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

To: Walkingshadow who wrote (4006)	1/19/2005 12:44:18 AM
From: Gush	Read Replies (2) \| Respond to of 8752

That was a pretty cool email. I'm a rookie(not even) on technical analysis... and after looking at your charts I would anticipate the qqqq going over $40.. almost hitting $41 by end of Jan before recoiling. That with oil heading downward(imo) should spark a little green during the next 2 weeks... Please bear with me..., i'm a newbie hear trying to figure this stuff out... So obviously the dark bars scare you.. dark bars=bearish? empty bars=bullish? I see the 2 dark bars and the small dark one...but todays empty bar should be a good sign,right? Do you anticipate the expiring of Jan options this Friday(end of business) to cause the market to loose strength? By the way...Obviously my AAPL Jan calls aren't going to hit(baring crazy news)..., but it was my gamble(rolling the dice with a fraction of profits gained on the same stock). I love vegas baby! It has been hard to believe that a stock like aapl would not move more than it has... I can't remember reading surprised earnings like that ever... If this was 1999, or 2000 it may have seen $175.00 after news like that :~) Gush

To: Walkingshadow who wrote (4006)	1/19/2005 6:53:28 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Terry, I appreciate your thoughtful reply. This chart of the QQQQ that you recalled from our conversation last week: 139.142.147.218 ……minus the last candlestick (which only represents one day). If you study the chart’s lower indicators they seem to be pointing to longer term decay of momentum. Last week’s spinning top just at the mid-line shows neutrality so I am a little surprised to see the bounce on Monday rather than a fall through the mid-line. I guess it’s like trying to compare an intra-day chart with a daily chart; it can’t be done. Reid