hi rob,
the support @2143+/- has now slightly moved higher due to the fact that compx did print a higher high !!!! the same support @61.8% retracement should now be trading @2149+/- !!! however, i have moved my support slightly higher due to the fact that the lower up trend line has been ascended higher to the 61.8% retracement betw 2328-2078 @2175+/- !!!
re: the 40dma - thanx for the heads up; i have never used the 40 days before, but i'll pay a closer attention to it !!!! again, thank you <G> !!
rob, i'm not sure if the bottom @1620 is the bottom of the current down trend !!! true that compx did break <and still trading above> the september down trend line; but consider the side of the current bearish wedge, if broken to the down side, it may carry us lower than the 1620+/- !!!! i'm not saying that it will go straight down !! there will be a few rebounds <2nd of 5th, 4th of 5th, and smaller rebounds along the main trend>; but the bottom maybe as low as 1350+/- <which is the 1998 low; and the 1.382% retracement of the bearish wedge, providing that compx will not make a higher high, higher than 2328+/-> !!! but then again, we definitely need more confirmations on that assumption !!!
rob, i'll be leaving on a business trip for a week tomorrow !!! take best care, and good luck to ya !!!
again, thanx for sharing the thoughts !!!
best regards,
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