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

To: Vendit™ who wrote (5613)	2/28/2005 10:43:45 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, I see what you mean... the rally started just before the election and ended at the end of the year. Interestingly, that rally began with a hollow candle at the end of October at just a bit above $35, suggesting another reason we may have to revisit those levels. 139.142.147.218 But I was just looking at some things... I noticed that there was quite a bit of supportive volume in QQQQ and the $COMPX especially. Volume in QQQQ was rather unimpressive at 96 million, but volume in the other indexes was pretty decent: 2.2 billion in the Nasdaq, about 1.8 billion in the NYSE. This is the kind of thing that will end this medium term correction. We haven't got enough yet, but a couple more days like this and I might have to withdraw my anticipated lower targets for QQQQ. 139.142.147.22 Note the volume spikes at 10:30am, 12:15pm, and about 2pm. It looks rather subtle on this chart, but on my $COMPX charts it is not subtle at all. T