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Strategies & Market Trends : Automatic

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To: AlienTech who started this subject8/6/2001 10:08:00 PM
From: ken-l  Read Replies (1) of 470
 
COMPX 08/07/01

unless compx has the mini-crash tomorrow, it is more than likely to rebound from the key supports between 2028-2004 !!!

it has now reached the oversold territories in all of its intraday charts. furthermore, it's trending lower within a bull wedge/flag after it completely broke down from its 07/25 bear flag/wedge !!!!

should it rebound at the open or at the key supports tomorrow, keep an eye on the upper t/l of the bull wedge/flag, which is trading in conjuction to several strong resistances, between 2050-2038 !!! if it can break these resistances tomorrow, it should head directly to test the lower t/l of the april's flag, and the adjusted upper trend line of the may's wedge, @2076-2087 respectively !!!

short term supports/resistances for tomorrow

- 2099
- 2087 **
- 2076 **
- 2069
- 2059
- 2048
- 2028 **
- 2023 **
- 2004 **
- 1982
- 1974
- 1953
- 1940 **
- 1923

observation only .. and i maybe wrong !!

regards,

auto
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