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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: gmccon who wrote (619)	7/3/1998 3:52:00 PM
From: epicure	Read Replies (2) \| Respond to of 3187

From a TA perspective CPU is going down near term. The stochastics are headed down from over 80% the fast has gone under the slow, RSI is headed down as is MACD, momentum has peaked. Looks to me like a head and shoulders might be forming (we just formed the head) the next shoulder will take the stock back to 17 1/2 or so. If this pattern forms we could see a violation of support at 16 which could take us down to support at approx. 13 1/2. If 13 gives next support is around 9. I don't think it will go that low, but I won't buy until the daily chart turns around. Right now looks like we've had a local top.