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To: robert b furman who wrote (328)	7/23/2001 11:47:28 PM
From: ken-l	Respond to of 470

bob, alien, and all re: COMPX 07/24/01 bob - thanx for the thoughts ... and the links to both VIX & CPC !! for the first time, compx broke and closed below the lower t/l of the channel <morphed from april wedge> !!! it has turned the intermediate term bullish <while it was trading within the channel> into an intermediate term bearish bias !!! short term basis is another story altogether !!! since i think we all agree that compx is now trading at the oversold territories in the s/t basis, a s/t rebound may begin as early as tomorrow, with the latest wednesday !!! however, i really dont put much hope in the upcoming 'technical' rebound, until it's proven otherwise !!! with the bearish engulfing pattern it printed in its daily chart today, be careful if it's being gap higher tomorrow morning !!! supports/resistances - 1915 - 1923 - 1953 - 1966 - 1974 - 1982 - 1999 - 2020 - 2028 - 2040 - 2058 these supports/resistances represent the short, intermediate, long term fib retracements, where most of the figures are trading in conjunction to the trend lines, the moving avg, and others. just a thought .. and i maybe wrong !!! regards, auto