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Technology Stocks : Compaq
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To: Loki who wrote (80592)3/31/2000 6:07:00 PM
From: Night Writer   of 97611
 
Loki,
The current TA on CPQ for position trading indicates CPQ has entered a down trend. No doubt about it. The rumor kicked all the momentum out of the stock.

The current TA on Dell for position trading isn't stellar. The DMA, and MACD both gave a sell signals. MACD on March 28, and DMA on March 29. Stochastics hasn't confirmed the sell signals, but conventional wisdom is one confirmation is enough to sell.

Of course any dramatic news or rumors will move Compaq or Dell back into an up trend or accelerate the down trend.
NW
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