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

To: shasta23 who wrote (28513)9/27/2000 3:55:00 PM
From: Johnny Canuck  Respond to of 70378
 
>>Heavy buying

Only for the bounce off the 202 level. Selling kicking in just after, but on lower total volume. I don't expect any kind of sustained rally, just a bounce at this stage. Longer intraday trend is still down as indicated by the continuation signal I had on the 60 minute chart for the COMPX.

SOX and COMPX had turned up now.



To: shasta23 who wrote (28513)9/27/2000 4:00:18 PM
From: Johnny Canuck  Read Replies (3) | Respond to of 70378
 
It looks like we closed below a strong support level (880) on the SOX. That is not good for the COMPX. We don't get a sustainable rally in the COMPX without it.

Done for the day. Time to do my day job.


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