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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (41050)	1/17/2001 11:52:15 AM
From: JRI	Respond to of 42787

Soxx, Csco weakening last 15 minutes....Naz hanging in there..hmm eom

To: Paul Shread who wrote (41050)	1/17/2001 1:00:17 PM
From: Joseph Waligore	Read Replies (1) \| Respond to of 42787

Rising wedge on COMPX it seems. The top trendline is from the tops of Dec. 26, 28, and Jan 4. The bottom line is from january 8 to the 10 to the 16.

To: Paul Shread who wrote (41050)	1/17/2001 1:11:36 PM
From: ken-l	Respond to of 42787

paul havent been to SI land for quite sometimes; and feel like comparing some of the observations <of course, if u dont mind - ggg> !! compx indeed traded as high as @2760+/-, which is the upper band of the intermediate term up trending channel which may and can very well turns out to be an intermediate term 'BEAR flag' if it breaks the lower up trend line of the channel !!! furthermore, within the intermediate term channel/flag, there is a bearish wedge which shares the same upper trend line of the channel, where the lower trend line of the wedge is currently trading @2600+/- !!! however, since we all agree that it broke 2 of the strong down trend line <but not the main down trend line that started from the top @5130+/->, coupled with the extreme overbought sentiments in the short term basis, chances are compx is heading lower in the short term basis !!!! re: another channel above the current channel .. i think we already have one, but do need a confirmation !!! the additional upper trend line u mentioned <fork> started from the bottom in late november/early december @2500+/-, touched the peak on 12/18 ... which in turn will run a parallel line to the current channel, where the upper resistance ought to be trending near the lower trend line of the broken ascending trig @3000+/- !!!! thus, all in all .. if compx descends lower, breaks the september down trend line, and the lower trend line of the intermediate term wedge @2600+/-, this thing can be turn ugly pretty quick, dont you agree ??? but before i go too far ... compx is toying the 38.2% intermediate term fib retrace @2731+/-; breaks it successfully, i think it's heading lower to fill the morning gap !!! just a thought .. and i maybe wrong !! regards, auto