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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (10664)	1/30/2001 1:24:50 PM
From: captain_midnite	Read Replies (1) \| Respond to of 30051

Just some random (useless) thoughts. I can see the COMPX heading lower to test the neck line of the lower trend line of the bull flag formed from the last Fed cut. In the mid- 2600 area. That gets busted, see Zeev's turnips. Still, if COMPX is able to break the overhead trend line of the flag, 2860+/ then the landscape could look much brighter much quicker. BUT, given the run from Jan 3 and the overbought conditions...I ain't too optimistic. Of course. I am a complete dolt, coming of a career bad month, so play me as the contrarian indicator! Good luck all, especially those that gots my money today! uggghhh... midnite