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Strategies & Market Trends : Automatic

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To: robert b furman who wrote (424)8/12/2001 8:51:04 PM
From: ken-l  Read Replies (2) of 470
 
bob,

although compx printed the double doji's, overshot the lower b'band, and rebounded to close above the lower trend line of the rectangle @1940+/-, i suspect that it may encounter <and i dont really have the confidence that it can break, at least at the moment> a strong resistance @2058+/- !!!

suspect that the upcoming rebound, maybe just a s/t rebound before the further retreat !!!

it has rebounded from its lower b'band from its weekly chart !!! been tested and retested its 10 weeks moving avg since april; but has been under its movin avg in the past 9 weeks ... at the moment, i dont see the reason why/how it can move above that resistance at the moment !!!

but then again, it's only my humble opinion !!!

bob, hope all is well, and best of luck to ya !!

regards,

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