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


To: Dulane U. Ponder who wrote (16001)2/1/1998 5:53:00 PM
From: Jorge  Read Replies (1) | Respond to of 97611
 
Dulane....From my days of trading many commodities I found an extremely reliable chart pattern....The Pennant....The daily lows get higher and the highs get lower where they converge to a point almost dead in the center.....CPQ's Pennant is a classic one.....If the price closes much above this or below this current price (especially on the weekly chart as opposed to the daily chart, though the daily may give us a strong indication before the week is up) of about $30....we are probably headed for a period of extended up price or down price, depending on which side the price breaks and closes........George