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Technology Stocks : Compaq
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To: Diamond Jim who wrote (26462)5/23/1998 10:15:00 PM
From: NucTrader   of 97611
 
>>I would expect CPQ to bounce off $27<<

CPQ has already decisively penetrated the 100 and 200 SMAs on the downside and stochastics looks crappy as does money flow. Yes, the 200 day EMA looks about 28.5 [using bigcharts.com] but man, I don't think I'd be hopping in here till I see if it holds. Looks like it has at least as good a chance of "Look Out below!" as it does of holding. All IMHO, of course....Guess that "shooting star" meant something after all....
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