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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (28158)	9/12/2000 3:42:44 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68224

COMPX system still on a continuation signal of the down trend. Index tested critical support level just above 3840. Bounicng back now. Index is setting up for a buy signal, but due to the delay in my charts there is no enough time to generate that signal today. The index still have time not to complete the buy signal, so I would normally wait for the signal to be completed and not try to predict whether it will generate the signal. CCBL is a play on the deployment of video on demand over cable. The hype over the deployment in Europe (ie .. LBRT win) may get it moving again? I would still watch HLIT. As one of biggest players in the sector, when it starts to show life then the sector will be ready to move again. I think the consolidation in the industry may still be slowing deployment. There is a lot of pressure on JDSU/SDLI today. If they break the optical sector as a whole will sell off regardless of the whether they are cable or telecom related. I don't have a good feel for how CCBL will break, but I would wait for JDSU/SDLI to stablize first.