Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: dlu who wrote (35406)	12/5/2001 12:40:18 PM
From: Johnny Canuck	Read Replies (2) of 69088

Intra-day COMPX and SOX signals are overbought, but the sell signals that were setting up just negated. I expect a slight pullback in the next day or so as tomorrow will be day 3 of the rally. I expect any pullback to be shallow given the volume today. A break above 2050 on the COMPX would break the major down trend line. A break below 1944 would indicate a continuation of the down trend. On KOPN, nothing wrong with taking a profit. In this market holding on to your profits has been the toughest thing to do.

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