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

To: Vendit™ who wrote (4846)	2/11/2005 9:52:13 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Thanks. Interesting... there is quite a difference between the 200 ema now and the 200 sma. The lower BB rail is at $36.37 and the 200 sma is a bit below at $36.24. stockcharts.com[h,a]daclyyay[dc][pd20,2!b200][vc60]&pref=G But the 200 ema is at $37.14, or $0.90 higher than the 200 sma. That difference is 2.5%. 139.142.147.218 I agree yesterday's candle suggests a bit of upside next in QQQQ. The short-term market internals give a mixed picture. Volume patterns favor continued downside. QQQQ dipped below $37 in early trading after gapping down moderately, but at the moment is trading right at $37. It seems clear that the medium term correction cannot end here, so I think regardless of what happens in today's session, it is virtually inevitable that QQQQ descend significantly further, probably to the 200 sma at $36.24, and perhaps further down to chart support at $35.00. T