Compaq Message Board - Msg: 7880442

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Technology Stocks : Compaq

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To: uu who wrote (48514)	2/17/1999 7:45:00 PM
From: Christopher	Read Replies (4) of 97611

Addi, NASDAQ is in bad shape. NASDAQ closed below its 50 dma(Day Moving Average) today, a bad sign. AMEX Internet Index also closed below its 50 dma today, another bad sign. The next support for NASDAQ is 2200 and the next one after that is 2000. The DOW has been holding up much better then NASDAQ. It is still consolidating, backing and filling. It could soon make a very good advance. I will be watching. DELL today gapped down for a second time(first gap was last Friday) and closed below its 50 dma, a very bad sign. Good trading, Christopher

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