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

To: Vendit™ who wrote (6205)	3/9/2005 9:27:54 PM
From: MJ	Read Replies (1) \| Respond to of 8752

I need an e-mail. mj

To: Vendit™ who wrote (6205)	3/10/2005 2:35:09 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Oil looks ready to correct back to test old resistance/new support. futuresource.com I think that test will be successful, and oil will move higher in orderly fashion (probably after some consolidation). Unleaded gas appears to be a step ahead: futuresource.com futuresource.com The dollar failed at support and is testing lower support levels again above the 52-week low: futuresource.com And gold has finished its medium term correction and is back in rally mode after a V-bottom a month ago: futuresource.com Nasdaq 100 futures are currently trading down slightly, and appear to have formed a double-top below that heavy resistance zone after trying to rally up from the January lows. Now stochastics are showing signs of weakening upward momentum: futuresource.com All in all, it looks to me like the futures markets don't hold a lot of good news for the equities markets. QQQQ itself I think gives some mixed signals, but overall the picture looks predominantly bearish short-term to me: 139.142.147.218 At the moment, the candle forming on the weekly chart is bearish: 139.142.147.218 On both the daily and the weekly chart, the BBs are extremely contracted, and QQQQ looks like it is dropping into the lower half of the BBs: stockcharts.com[w,a]waclyyay[df][pd20,2][vc60][iLyb20,2.0!La12,26,9]&pref=G I'd say QQQQ will likely finish down on the week. ... all IMHO, of course. T