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

To: drsvelte who wrote (28600)10/2/2000 1:42:23 PM
From: Johnny Canuck  Respond to of 69524
 
Thanks Doc,

This is not looking good for the COMPX. The SOX is turning again indicating a rally attempt by the COMPX, but SOX needs to make it above 850 to even indicate a hint of the start of a reversal on the COMPX now.



To: drsvelte who wrote (28600)10/2/2000 3:38:19 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 69524
 
Analysts trying to support the market:

14:22 ET Worst Over For PCs : Banc of America Securities believes Friday's sell-off could represent the bottom for the PC group. Firm continues to think that overall PC demand is okay, sufficient for well-executing companies to deliver on expectations. Says Compaq (CPQ 28.50 +0.70) and Gateway (GTW 49.29 +1.04) look like the best near-term PC trades.


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