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

To: Gersh Avery who wrote (7160)	3/30/2005 12:16:50 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

Indexes close to the highs now, but backing off a bit. Short is okay if you are patient, but you might be underwater for a while....I anticipate some relief here before further downside. So I am still long, but I'll join you short at the 20 sma or 50 sma depending on how volumes and momentum shapes up as QQQQ approaches that resistance. But I realize you are operating in a different (faster) time frame than I am. I can't watch things closely enough, so I have to trade in longer time frames. T

To: Gersh Avery who wrote (7160)	3/30/2005 12:45:58 PM
From: Vendit™	Read Replies (2) \| Respond to of 8752

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To: Gersh Avery who wrote (7160)	3/30/2005 5:35:57 PM
From: Walkingshadow	Respond to of 8752

Bullish candle today on good volume (115 million vs. 96 million average). It is starting to look like $37.25 might be a good reversal point (that's about where the 50 sma sits now). stockcharts.com[w,a]daclyyay[dc][pb50!b20][vc60][iLg!Lp14,3,3]&pref=G Considering the status of the technicals, we might see QQQQ hover in that congestion area just above $37 for a bit while it digests gains in a weak market and waits for the technicals to set up for the kill. QQQQ remains very oversold, and I can't see the stochastics turning back south until they get up to 45 or 50 or so, and that will likely take a few days. 139.142.147.218 BBs opened up nicely now. I'll be looking to exit long and go short no lower than $37. stockcharts.com[w,a]daclyyay[dc][pb50!d20,2][vc60][iLg!Lyb20,2.0]&pref=G T