Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.07

-0.2%

Jan 29 4:00 PM EST

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To: Suresh who wrote (32378)	5/21/2001 1:33:25 PM
From: Johnny Canuck	Read Replies (1) of 70233

Suresh, I have a sell signal on the COMPX now. I don't think we get more than a brief pullback though. There is strong support at 2230 now that we are through that level. It took a lot to get through and was tested as a resistance level many times. I think a lot of traders might see it as a good entry level if they have missed the current run. The technical are now saying we are going higher. The fundamentals have just not caught up with the technicals right now. I think the market should have an upward bias till the economic numbers come out early next month. You might see individual disaster though. It looks like JNPR might be hinting at a pre-announcement.

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