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

To: Vendit™ who wrote (6119)	3/8/2005 8:39:22 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, QQQQ is testing critical resistance once again, and the candlestick is indeed bullish with bullish technicals. The high of yesterday's session represents the most significant encroachment on the resistance zone since the high of mid-February. 139.142.147.218 OTOH, volume yesterday was unimpressive, and recent volume and MACD suggest the strength of the momentum here is modest. The candle, while certainly overall bullish, also has a shadow on top that formed from a gradual drift downward after QQQQ hit the high of the day ($38.29) just after noon. Futures markets presently indicate the markets will open down a bit, and QQQQ is trading down modestly in premarket, printing $38.00 with heavy size on the ask but not on the buy (200:1) as I write this. The resistance here is tremendous. I don't see evidence of accelerating momentum, so I am skeptical QQQQ can power higher from these levels, and there is already now suggestions that QQQQ will be turned away again. T

To: Vendit™ who wrote (6119)	3/8/2005 8:42:13 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

This might be all she wrote for AAPL's recent rendezvouz with the 20 ema, which it visits only rarely. Typically, a month or so before earnings there is an upward revision or two to forward guidance, which usually sparks a rally, but up until now we have not seen much. But this came through the news wires this morning: ================================================ AAPL Apple Computer may exceed consensus for MarQ and JunQ -- Piper (42.75 ) -- Update -- Piper Jaffray says that significant emphasis is being placed by the Street on MarQ iPod unit estimates....and the ensuing "whisper number" frenzy. Piper says its focus is on the overall business. It just completed a round of 50 channel checks with both the Apple specialist resellers (20) and the Apple retail stores (30). Checks have left the firm more confident that demand for Apple's key products (most notably iMac, Powerbook, Mac mini and various versions of the iPod) continue to be ahead of expectations (exception is Power Mac). Firm believes true demand for the iPod shuffle and Mac mini will not be visible in MarQ, but the firm anticipates that strong demand across various segments of the company will allow Apple to exceed Street estimates for overall revenue and earnings. More importantly, supply constraints on new products will ease in the JunQ and Street numbers will prove to be too low for June. T