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

To: RED who wrote (31862)	8/30/1998 7:35:00 PM
From: Merlo	Read Replies (1) \| Respond to of 97611

My bearish indicators are flashing a warning. As I recall several weeks ago I said we are in a correction unless the internet stocks plus CSCO go down. Well the internet stocks plus CSCO went down and the TA on CPQ and others look real bad. CPQ could go down as much as $23 1/8 a share. I hope I wrong on all of this since I stand to lose a lot. Several weeks ago I wrote the many support ranges on these stocks. I'll mention CPQ again.. CPQ Bear market ranges. First support 28 3/8 this support must hold or we could go to the second support 23 1/8. CPQ did hold above 28 3/8 and is a very bullish sign. Dell first support 100 second support 93 1/16. NSCP first support 22 1/8 second support 16.. Intel first support 75 second support 65 21/32.. AMD first support 15 3/16 second support 14-13.. I like the way CPQ held up last week I hope it can rebound to it's upper ranges. The fed must act right away as we need some good news tomorrow like the Fed easing interest rates. Just my opinion