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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Daveyk who wrote (37823)	8/17/2000 12:55:18 AM
From: ken-l	Read Replies (3) \| Respond to of 43080

dave and all re: compx i'm just an amateur trader <ask alien if u dont believe me> !! the only 2 message boards, i've been to are this one and ike's one <the links were provided by AT - thanx again AT - GGGG> !!! i dont know who's da-cheif is neither ?? but, thanx for the compliment anyway !! re: compx - just keep an eye on it .... it gave a mixed signal today at the close !! 30 mins chart, it printed the bullish engulf; 60 mins chart, it printed the hirami pattern; both reversal for the short term intraday basis !!! however, although it made a higher high, and along closed above its 100dma today, it didnt break the previous hi @3936; thus creating the double top formation <which is bearish> !! the 2 important resist & support tomorrow should be the previous high @3936+/- and the lower short term 1-1 45 degree gann angle/up trend line support @3780+/- !!! it's certainly trading close enuf to break one way or the other !! break higher .. we may be able to see it trying the 4066+/- !!! break lower, we may see it testing the lower trend line of the sym trig @3610+/- <and gradually rising> !!! there are only 1 resist @3910+/- prior to reaching the short term top @3936+/- !! then, there are 3 resists @3950+/-, 3995+/-, and 4107+/- after that prior to reaching the strong resist @4066+/- !! please note that the 30dma will be @3935+/- tomorrow; thus, should be a strong resist indeed !! there are 3 supports from the short/intermediate/long term fib retracement @3838, 3824<also the current 10dma - should be strong>, and 3814 respectively prior to testing the lower up trend line !!! all in all, it's just an observation; and what the heck do i know !! regards and good luck all, auto