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

To: Jorge who wrote (12631)	1/3/1998 6:05:00 PM
From: stan fisher	Read Replies (1) \| Respond to of 97611

to anyone looking for TA to give a buy /sell on cpq. Maybe this has already been brought up but here goes 1.possible resistance from downtrend line, within 1-2 points (formed by the drop from 78 in oct. and the early dec. "peak" at 65) 2.possible resistance from the 50dma at 61.50 These 2 points would say do not buy here BUT once the price moves above that 50dma(on a closing basis) go for it with a stop at around 59.50 No rocket science here just food for thought

To: Jorge who wrote (12631)	1/4/1998 1:29:00 PM
From: giddy guru	Read Replies (2) \| Respond to of 97611

//gg// George, Thanks for your quick response. Makes sense. Can you please update your ideas after Monday's close? /gg/

To: Jorge who wrote (12631)	1/4/1998 4:48:00 PM
From: John Koligman	Read Replies (1) \| Respond to of 97611

George, Hope you are correct! I was reviewing Alexander Elder's book 'Trading for a Living' over the holidays, specifically in regard to the 'head and shoulders top' that is quite prominent in CPQ's chart. Elder said that if the neckline is pierced that the downside target is then equivalent to the distance between the top of the head and the neckline. Well, my figuring says that would have put CPQ at around 17 bucks a share post split! Then again, Elder says if price action does not confirm the head and shoulders top, that sends the 'Hound of the Baskervilles' signal, (signal given by lack of expected action). Elder goes on to say that an aborted head and shoulders top often leads to a very strong rally, especially if prices rally back above the head. John