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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (35373)	12/4/2001 4:29:38 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68965

Market Notes Dec 3,2001 COMPX traded in a range between 1900 and 1920 most of the day. The intra-day counter rallies went off as usual, but the depth and height of the rally were modest. SOX pretty much the same except it has a slightly negative bias. The COMPX continues to trade the range between 1900 and 1933 that it has seen for the last week. The technicals indicate it could go either way at this point. The dailies indicate the uptrends are still intact, but the negative bias of the SOX intra-day is indicating a divergence. The fundamentals point to a downward correction, the technicals say not yet.