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


To: Walkingshadow who wrote (6116)3/7/2005 6:55:03 PM
From: Vendit™  Read Replies (2) | Respond to of 8752
 
Terry,

Based on the sharp move up at open and the bounce off of what now may be a new lower support level, 38.01 just at the close we may have a new up-trend forming.

themarketwind.com

Also see the forkyo2 chart as additional evidence.

themarketwind.com

In my weekly analysis I am calling for a rise in the Q’s on Monday followed by a test of lower support. I also pointed out the wedge and the possibility of an explosive move up or down on Monday or Tuesday. The opening move looks pretty explosive to me:

themarketwind.com

Short term Linear Regression filled the upper line as it always does:

139.142.147.218

The question now is what is the trend going to do via the longer term trend as the long term Linear Regression channel was also filled today with a bullish candlestick.

139.142.147.218

QQQQ Analysis moving into week of March 06, 2005

Message 21107512

Reid