Jimbo's Playhouse/CPQ Message Board

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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Stephen who wrote (10366)	5/13/2002 12:25:25 PM
From: Stephen	Read Replies (2) of 12662

Well .... the SPX is approaching the mid-tine of the downward channel, which has proved too much for it in the last few days. Also ... I noticed it potentially forming a complex head & shoulders ... or my favourite diamond pattern ... which if it plays out means the index will trade in an ever narrowing range on diminishing volume for perhaps another 7-10 days. That would suggest the SPX can trade higher in the short term.... but be confined by the diamond pattern.... and obviously not take out last weeks highs. I'll watch it ... the resolution of the diamond should provide a violent break one way or another ... and it should almost certainly be down ....but this market is wierd .... something to watch for entertainment ... all fwiw of course. Anyone got any idea's/reads ??. Best regards Stephen

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