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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: giddy guru who wrote (12627)	1/3/1998 5:37:00 PM
From: Jorge	Read Replies (3) \| Respond to of 97611

GG.......Technically: Sideways basing (consolidation) pattern at the bottom of the chart that, if you'll notice, is different than all the other false rally junctures (others were only a day or so, this one is much longer in days, indicating solid support at this level)......Four days upward movement in CPQ with strong finish at the close..Volume is increasing on all days but Friday ( the slightly lower volume on this day is not of as much concern for the overall trend, taking into consideration other factors)...Nasdaq Index strong 4 day upward path, increasing daily volume, strong close at the finish.....Other indexes mostly upward in nature also over those four days.......Fundamentally: It's CPQ and all the reasons that go with that and it's also January......I'll measure volume and direction on the 5th day and if it's bullish I'll buy before the close.........George