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


To: Johnny Canuck who wrote (39797)6/23/2003 12:33:41 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 71625
 
Intra-day buy signal generated. Now at strong support for the COMPX in the 50 minute chart. Third day down in a row.
I would expect support to hold. Next support level is 1584 and 1542. The Fed meeting will contain any move to the upside and accelerate any move to the downside. The current buy signal is only a bounce.

Given the jekyll and Hyde mood of travels. I would cover shorts before the Fed and re-initiate afterwards.