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


To: Walkingshadow who wrote (5512)2/28/2005 7:19:24 AM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
Terry,

You are a very good technician and I am like you in that I only have the information at hand to decipher what is ahead this coming week.

I have a tendency to focus purely on the chart:

themarketwind.com

To arrive at my conclusion I do not look at other market stimuli as I think this stimuli is what drives the chart. At any rate in my analysis I am calling for a brief sell-off this morning followed by a continuation of the upswing today so we shall see.

Message 21085023

There is no doubt that we are near a market cycle high but the oscillators point to a continuation of if not an out right blow through of the current trend. (Short term)

Today will be interesting to see unfold since it is rare that you and I find ourselves on opposite sides of the fence. I have two 95 German shepherd alarm clocks on my side.

<g>

Reid