SI
SI
discoversearch

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 (5135)2/20/2005 10:31:48 AM
From: Vendit™  Read Replies (3) | Respond to of 8752
 
QQQQ Analysis moving into week of February 21, 2005

The QQQQ should open flat to moderately up on Monday. The downside being the lower trend-line or $37.15 as I pointed out on the chart below.

themarketwind.com

The Stochastic oscillator set in fast mode is very near the reversal zone. Williams’s %R is also near the bottom reversal area with a slight bend in its trend. MACD still shows a longer term bias to the upside. Currently there are no confirmed buy signals in place.

Important lower targets are as follows :

1) First lower support: 37.39

2) Trend line support: 37.15

3) Main lower support: 36.93

If 36.93 is breached to the downside then we can expect a continuation of the down trend to the lower Linear Regression Channel line: (see the chart below)

139.142.147.218

The target price would be slightly below $36.00. We will know the trend direction by market close on Tuesday.

If the QQQQ bounces off of one of the support levels listed above then expect another repeat of the past two weeks test of resistance at $38.01.

One last note: The lower trend line and the upper resistance line are forming an ever tightening trading range. As this range narrows we will eventually see the QQQQ break HARD above or below this range so get ready.

Vendit



To: Walkingshadow who wrote (5135)2/20/2005 11:18:07 AM
From: Vendit™  Read Replies (1) | Respond to of 8752
 
Free Hand Scan – Monday’s List - Long Plays for week of February 21, 2005

BEAS

139.142.147.218

CNX

139.142.147.218

OVNT

139.142.147.218

CHKP

139.142.147.218

INTC

139.142.147.218

AH

139.142.147.218



To: Walkingshadow who wrote (5135)2/20/2005 11:19:34 AM
From: Vendit™  Respond to of 8752
 
Free Hand Scan – Monday’s List - Short Plays for week of February 21, 2005

XMSR

139.142.147.218

MCDD

139.142.147.218

ERES

139.142.147.218

BWNG

139.142.147.218

URBN

139.142.147.218

AYE

139.142.147.218

RHA

139.142.147.218

SCH

139.142.147.218

WM

139.142.147.218

LU

139.142.147.218

EP

139.142.147.218