Compaq Message Board - Msg: 10518129

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Technology Stocks : Compaq

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To: Kenya AA who wrote (65159)	7/15/1999 10:41:00 AM
From: DRRISK	Read Replies (1) of 97611

K, I follow TA and the reasons are obvious! The fact that the stock is overbought and that it needs some time to consolidate is the resistance now. A lumbering giant needs to build up some energy to climb higher and restore itself to keep going forward. It runs out of steam and then gathers itself up on its journey. When a stock has the amount of shares that CPQ has it takes time to get through these types of barriers to going higher. Even the money flow which ebbs and flows needs a break to gather itself up. These are the resistances in the upward trend right now which are completely predictable. The stock is trading great and we are going higher in the next few trading days maybe not today though. That is why the trend is your friend. DrRisk

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