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

To: QuentR who wrote (73950)	12/16/1999 4:34:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

FWIW, Found the following analysis at the Zoo. El .................. Looking at the 60-min charts, CPQ just completed a triangle formation at the close of yesterday. The HI downtrend line (from 12/6 to 12/15) was broken by this mornings run to 25 1/2. This could be the start of the next BREAKOUT move UP. Chart analysis shows Wave 2 coming to an end. Wave 3 is gonna be the next major leg UP. This wave is usually the largest gainer of the 3 impulse waves up. If this is the case, we should breakout into the 27 1/2s+ and/or hit 30 before being repulsed for a few days using 27 1/2 as support. CPQ feels like a timebomb ready to go off. The upside potential far exceeds the down risk. Youre talking about a company with $38 billion in sales, not the mention their stakes in CMGI and Altavista. CPQ could easily reach the 50s+ by April