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Technology Stocks : Compaq
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To: Christopher who wrote (52660)3/10/1999 10:36:00 PM
From: Lynn  Read Replies (1) of 97611
 
Christopher,

Thank you _very_ much for your TA profile. I started to swoon on my chair when I read it but if this is what you found, this is what you found.

Some questions I can think of right-off that you might be able to answer:

Now that CPQ is showing weakness, are you saying that we will see support at 30 then a further decline to another support at 23 or, that 30 is an important support level that if held, will be the bottom? On this point I was not quite sure.

In the TA you use, can non-technical developments [i.e. news] cause a sudden change to the pennant being formed such that a sudden upward movement is possible?

Regards,

Lynn

P.S. I'll cross my fingers your next TA is something we can all cheer about.
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