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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: SteelBlueIce who wrote (566)	3/30/1997 10:36:00 AM
From: Gale A. Thompson	of 3325

Hi Jerry, "Andy got me turned on to CPQ, I did a little ditty on my homepage..." Easter greetings to all..... I put this chart up on MS before I looked at your chart on your home page so I could check myself against yours. I have envelopes with a 28ema and 7% vertical shift. I notice that CPQ is bouncing off the bottom envelope and the 28ema lines, this also follows the channel lines pretty closely. Currently it is touching the 28ema and deciding whether to break above or fall back down to the bottom envelope. Stoch 7,3 says we're gettting a little extended... If I put up Fib... I only have 2 years worth of data, so I'm wondering, when I use the low point for the retraction regression line, do I use the lowest point on the chart or the low point on that particualr upward run? The low point on the chart is 4/12/95 @31.125. The low point of the run is 3/26/96 @ 35.875. The other question I had, is since, whichever Fib low point you use, neither match well with the current support of 72, does that mean Fib holds little significant influence on this stock at this time? If you use the 3/26/96 as the low point, the current price of CPQ is resting on what would be a Fib support. I enjoyed your little ditty.... -- one of the band members --

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