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

To: Elwood P. Dowd who wrote (84642)	9/6/2000 1:16:54 PM
From: Ted Foster	Respond to of 97611

What did the fat slothful hog do wrong this time?

To: Elwood P. Dowd who wrote (84642)	9/6/2000 1:47:10 PM
From: Night Writer	Respond to of 97611

El, Amateur TA time. I had a good laugh at your post. I use to scream buy anywhere under $30. Remember the late night watches for the Asian Flu? Those were grim times. CPQ enjoyed positive "position trading TA" for some time. CPQ's TA is not positive for position trading at this point. The 4 DMA has moved under the 9 DMA, and MACD plus Stochastics confirm a sell signal at this point. It appears that CPQ will now settle into a new base or trading range. The support level is not clear to me, but the $35 resistance area is clear. IMHO the support areas are $31, $30, and $28. $31 is about 1/3 of the $9+ advance from $25. $30 is a phycological support area, and an old resistance point. $28 is about 2/3 of the $9+ advance, plus an old resistance point. CPQ does enjoy positive "long term investment" TA at this point. The monthly chart just gave a buy signal. Based on that buy signal, This basing period should not be long. Maybe four to six weeks. A general observation about TA. I didn't know beans about TA last year. I became curious and read a recommended book on the topic. Compaq has been my most intense TA effort. No body could be more surprised about CPQ's run to $34+ after the TA buy signal showed up on the chart. At this point, I hope the support area of $31 is correct. NW Compaq Daily Moving Average Price date Closing Price 18 day 9 day 4 day 7/10/00 $26.0000 7/11/00 $25.5000 7/12/00 $26.7500 7/13/00 $27.0000 $26.31 7/14/00 $27.6250 $26.72 7/17/00 $27.7813 $27.29 7/18/00 $28.3750 $27.70 7/19/00 $27.5000 $27.82 7/20/00 $27.8125 $27.15 $27.87 7/21/00 $27.7500 $27.34 $27.86 7/24/00 $26.9375 $27.50 $27.50 7/25/00 $28.2500 $27.67 $27.69 7/26/00 $29.2188 $27.92 $28.04 7/27/00 $28.8750 $28.06 $28.32 7/28/00 $28.0000 $28.08 $28.59 7/31/00 $28.0000 $28.04 $28.52 8/1/00 $28.4375 $28.14 $28.33 8/2/00 $28.0000 $27.66 $28.16 $28.11 8/3/00 $28.8750 $27.82 $28.29 $28.33 8/4/00 $29.0000 $28.01 $28.52 $28.58 8/7/00 $29.9375 $28.19 $28.70 $28.95 8/8/00 $31.0000 $28.41 $28.90 $29.70 8/9/00 $31.3125 $28.61 $29.17 $30.31 8/10/00 $31.6250 $28.83 $29.58 $30.97 8/11/00 $31.6250 $29.01 $29.98 $31.39 8/14/00 $32.1250 $29.27 $30.39 $31.67 8/15/00 $31.9375 $29.49 $30.83 $31.83 8/16/00 $32.6250 $29.77 $31.24 $32.08 8/17/00 $32.8750 $30.10 $31.67 $32.39 8/18/00 $33.1250 $30.37 $32.03 $32.64 8/21/00 $33.1875 $30.59 $32.27 $32.95 8/22/00 $34.0000 $30.87 $32.57 $33.30 8/23/00 $33.6250 $31.18 $32.79 $33.48 8/24/00 $33.7500 $31.50 $33.03 $33.64 8/25/00 $33.8750 $31.81 $33.22 $33.81 8/28/00 $34.6250 $32.17 $33.52 $33.97 8/29/00 $34.0625 $32.46 $33.68 $34.08 8/30/00 $33.2500 $32.70 $33.72 $33.95 8/31/00 $34.0625 $32.93 $33.83 $34.00 9/1/00 $33.8125 $33.08 $33.90 $33.80 9/5/00 $32.2500 $33.14 $33.70 $33.34