Compaq Message Board - Msg: 8257483

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Technology Stocks : Compaq

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To: Lynn who wrote (52671)	3/10/1999 11:11:00 PM
From: Christopher	Read Replies (3) of 97611

Lynn and Victor, The support at 30 means that CPQ may turn up around 30(not necessary). If it does not and continue down then it may turn up arround 23. In addition, CPQ chart has to confirm a bottom. CPQ has entered a Secular Bear Market. Stocks do go thru Bull Market and Bear Market. This is very normal. Secular Bear Market occurs every 12 to 15 years and the correction is steep. It could be 50% correction or more. Last July-August time frame the DOW had a Secular correction. Stocks lost about 50% of their value. Think of 23 and 30 as points where bottom may occur but nothing is set in stones. If a bottom occur around these number then it has to be supported by CPQ chart like a Double Bottom for example. Good trading, Christopher

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