Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (25823)	10/9/2000 11:43:42 AM
From: Perspective	Read Replies (1) of 436258

<This morning we opened COMPX under the price channel I mentioned on Friday. I would have been very wary on the short side if only it had opened on/above the lower line of said channel. NOT!> Interesting to note from a symmetry point of view that the whole blowoff top last year came when COMPX launched over the top of its rising channel trendline. Would be perfect poetic justice if it BKs after failing to hold support at the bottom of a declining channel. This bounce should take us up to retest the channel support line - now overhead resistance - in the low 3300s COMPX. SPX back to test what is now resistance at 1400. If the test should fail, lookout below... BC

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