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

To: Jill who wrote (5601)	2/28/2005 9:40:03 PM
From: Vendit™	Respond to of 8752

Thank you Jill. The market setup from Friday has not taken shape "yet" but note the 2 to 4 session time-frame I placed on the upper targets in my analysis. The above cycle should take two to four days to play out. Message 21085023 I also correctly called the initial QQQQ sell-off at open as well as the first support at 37.44 which held for more than my allotted time frame mentioned below. An excerpt: Intra-day charts suggest that we may see some mild profit taking at the open on Monday followed by a continuation of the up trend within the first fifteen to thirty minutes after the opening bell. (Check 5 and 10 minute intraday charts / stochastic) Any move down will be mild and protected by support at 37.44. Once the lower support level was breached, anyone who knows a flea’s brains about T/A would see that as the “trigger point” that something has changed. Technical analysis or charts are a living document. If you are going to trade by charts you damn well better have them open in a live format living and puffing during open market hours. Reid