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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (429)	7/10/2001 8:40:17 AM
From: HairBall	Respond to of 1328

JRI: Looks like that rising wedge on your COMPX chart COULD (and I think will) break to upside this morn....if it does, does that put in serious doubt a move to at least 1941 COMPX? If the COMPX gets a negation of the rising wedge not just a penetration, that will delay a test of the lower boundary of the 4/17-18 gap-up (daily bars). We definitely need to keep an eye on that wedge. There is room for an opening up move this morning, it just depends on how much of a up move... I still think any rally either from the low on 7/9 or possible originating from 7/12 will be constrained by 2120. However, that is a max upside projection and the 7/5-6 gap-down must be tested and breached first. Note: My turn (pivot) date projections are just possibilities (+/- one trading day) and should not be relied on in absence of one's normal analysis methods. Regards, LG