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

To: Vendit™ who wrote (6062)	3/6/2005 4:47:59 PM
From: Walkingshadow	Read Replies (3) \| Respond to of 8752

I think it is a problem with AskResearch charts. That is the 1 year weekly chart, but on that chart it looks like February is not finished yet. I think because February is a short month, then last week's candle goes into the February slot, but next week's candle will go at the line separating February and March. Anyhow, it looks like the intersection of the two channels is maybe 2 or 3 weeks into March. These channels may change slightly, especially the 13 week channel. What do you think? It looks to me like that would be a likely reversal zone, but it would require a precipitous drop in QQQQ to get there. Maybe the intersection of the rails is less important than the intersection of the channels themselves. If so, that would imply that reversal could occur anytime after that intersection, but before the next red line is reached, which looks to be approximately 6 weeks from now. In other words, that reversal could occur along the black line in between the two red lines. Comments welcome... T