Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.85

-0.4%

Dec 29 4:00 PM EST

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To: Johnny Canuck who wrote (40443)	12/10/2003 12:46:01 AM
From: Johnny Canuck	Read Replies (1) of 69316

Daily COMPX has now generated a sell signal. Intra-day, my indicators say go with the direction of the moving averages and that is down. COMPX did fill an intra-day gap from Nov 22 which is also a support area, so don't be surprised if the COMPX bounces a bit tomorrow. It will not be enough to take anything more than an intra-day trade position. The market remains overbought by my indicatrs and there needs to be more of a correction to resolve that before moving higher.

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