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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (65160)	7/15/1999 10:54:00 AM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

DRRISK: I'm sorry, but I don't subscribed to the "overbought" and "oversold" theories. A lumbering giant needs to build up some energy to climb higher and restore itself to keep going forward. It runs out of steam and then gathers itself up on its journey. It appears that we have differing views of what "resistance" is. When I said that CPQ has no resistance between here and 30, I was referring to the textbook definition of resistance which is a price level at which there is a sufficient overhead supply to stop and possibly turn back an uptrend for a period of time - usually at least a week. I don't call a down day or two on the way to 30 "resistance" - more like a "breather." <ggg> K