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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Michael L. who wrote (13133)	3/9/1998 9:12:00 PM
From: Ocote	Respond to of 79273

Michael: I'm thankful I was right. I hate posting an opinion only to be shown how godawful wrong I was.<ggg> Now, back to CPQ, does this correction seem mild compared to October? Well, CPQ has just broken through the lows of the December hangover and is pulling Dell et al with it--YIKES! The next dynamic support(trendline) down seems to be 22. The next horizontal support is 20. Now what would be a good strategy with CPQ: a) Peg's plan, accumulate slowly for the long haul--sounds safe. b) Try to pick the bottom and go long --Not for me c) Wait for the first rally, and short it--hmm perhaps, as there will undoubtedly be a retest. d) Go long on the retest--great in theory, but will it work? What do you think you'll do, Michael? BTW, I did profit on SEEK and LCOS today, but it didn't seem to matter what internet stock you picked, AMZN, YHOO, XCIT, etc, etc. Ever since Clinton said "no tax on the internet" and the PC makers got the jitters, the internet sector has gone on fire! Does anyone have an opinion regarding the nature of this sort of sector breakout? Ocote