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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Bilow who wrote (10912)12/5/1997 6:50:00 AM
From: GROUND ZERO™  Respond to of 94695
 
Hi Carl,

CPQ also has a coil, but not as weak as other coils. If you notice on that chart, the November low took out the October low. That new low took some pressure off the selling. But, that November low is now the first stab of a smaller coil with subsequent higher lows and lower highs. This over all chart pattern is healthier than some of the others. IMHO, the worst case scenario would be a test of 54-55.

GZ