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To: AllansAlias who wrote (77815)3/9/2001 10:56:58 AM
From: JRI  Respond to of 436258
 
COMPX is really in a pickle here...if it is hanging around 2071-2100 in the 3 PM hour...how many traders are going to stay long going into weekend? (with the possibility of a gap down below 2069-2971 on Monday morn...)..

Given the action this past week, it seems that net selling in COMPX from 3-4 PM makes sense....

So, in my mind, that means not only do we have to hold 2069 intra-day here....but we have to get above at least 2010 intra-day AND hold it by end of day......

That's a lot to ask no? Why then anyone would buy here for anything more than quick flip....is beyond me...

I think we're gonna break 2071 again today...pretty good too....then we'll get a decent comeback...but still below critical levels...setting up another crazy Monday



To: AllansAlias who wrote (77815)3/9/2001 10:57:28 AM
From: Shack  Read Replies (2) | Respond to of 436258
 
This "bounce" couldn't even hold its ut line in the teenie time frames. The General is folding like a cheap suitcase too. You short yet?



To: AllansAlias who wrote (77815)3/9/2001 10:57:48 AM
From: IceShark  Read Replies (1) | Respond to of 436258
 
Oh, there is a PPT, make no mistake about that. I don't think they have been jumping into the market as a team for quite some time though.