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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 692.06-0.3%Feb 10 4:00 PM EST
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To: Johnny Canuck who wrote (40952)4/5/2004 9:19:05 PM
From: Johnny Canuck  Read Replies (3) of 70668
 
Day 3 of the move on the COMPX. I would expect the market to pullback slightly tomorrow. The COMPX has moved to just below resistance at 2080. It has had quite a run.

Intra-day the COMPX tried to generate a sell signal, but it was negated indicating the sentiment is to the upside. I expect any pullback to be modest for now. A break of 2000
would put me back on the bearish side of the equation.
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