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

To: Vendit™ who wrote (6674)	3/17/2005 9:13:26 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

I think QQQQ will get turned away at the 20 sma. It might not go immediately down from that point, it could well drift sideways a bit, but it will move down soon. I don't think we'll see enough momentum for a close above the 20 sma. It is tempting to think QQQQ stochastics will move to overbought levels, but this may not happen before it reverses. In fact, I think we will see reversal before stochastics get to extreme overbought levels... probably 70-ish or so. T