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Technology Stocks : Compaq
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To: zalesky who wrote (28373)6/30/1998 11:01:00 AM
From: MulhollandDrive  Read Replies (2) of 97611
 
Zalesky, I think you and Merlo may be right. I just looked at the CPQ 52 week chart, and what caught my attention was what appears to be a nice "W" formation in the making. What's more this "W" follows a previous double bottom, the current one is making higher lows, so if CPQ breaks the $30 resistance convincingly, we should see a very strong up move from there. Of course, all of this can turn on a dime with a lesser than expected earnings report. bp
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