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To: E. Graphs who wrote (12625)5/26/1998 3:52:00 PM
From: Moonray  Read Replies (1) | Respond to of 25814
 
No [OT] Ms Graphs, yah, watching COMPX. Shattered 1800 support.
Tech stocks leading market lower, including LSI which broke the
23 support. Next firm LSI support around 19 but would not discount
LSI stopping downturn around 20. I read COMPX dropping to around
1700, about half-way back the big rally after inverted H&S:

fast.quote.com

After all, aren't most summer rallies on the heels of spring declines?<g>

o~~~ O



To: E. Graphs who wrote (12625)5/26/1998 5:28:00 PM
From: getgo234  Read Replies (1) | Respond to of 25814
 
E and others:
COMPX peaked last Fall near 1750 area. Its interesting that most commentators focus on YTD results and seldom comment that COMPX is only marginally higher than its peak nearly 8 months ago. If we take out a few of the large cap winners like DELL I suspect that the COMPX
is below its peak of last Fall. Question - How significant is it technically if the the COMPX trades and or closes more than a few points below the 1750 level ? If 1750 is broken on the downside where
would you look for support ? Thanks for your comments.