Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	11/30/2001 6:37:23 AM
From: ajtj99	Read Replies (2) of 99280

COMPX 200-day SMA now 1957, 20-day EMA 1863. They keep moving closer together. If we continue to consolidate and go up a bit from here, we could be set up for an epic drop in a couple of weeks. NDX 200-day SMA now 1660. The COMPX appears to be forming a flag off a breach of the rising wedge originating from the Oct. lows. This is similar to what's going on in the SOXX, but the SOXX does have a downchannel already formed from the highs 2-weeks ago. I looked today, and I realized Larry's channel came very very close to breaching Wednesday.

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