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To: Captain Jack who wrote (17815)2/25/1998 12:32:00 AM
From: TechnoWiz  Read Replies (1) | Respond to of 27012
 
Evening John: I agree with you re the potential and given the weakish close today we may see those lower numbers you quoted. I wouldn't want to see CPQ go much below them as it would threaten to negate the potentially bullish structure that for now still looks plausible.

Imo, it will require a solid rejection of prices from those lower levels to convince me that the next upmove is underway. Some degree of caution is required as to the possibility of this structure coming undone. Still a tough read, need more price action to clarify.

Rgds

Wiz