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


To: uu who wrote (48514)2/17/1999 9:15:00 AM
From: Christopher  Respond to of 97611
 
Hi Addi, You are right, CPQ is a NYSE and not a NASDAQ stock. However, I have watched CPQ closely and found out that it goes up and down with NASDAQ and not the DOW. I will check with the stars tonight and give you an idea when a bottom might be reached.

Christopher



To: uu who wrote (48514)2/17/1999 7:45:00 PM
From: Christopher  Read Replies (4) | Respond to of 97611
 
Addi, NASDAQ is in bad shape.

NASDAQ closed below its 50 dma(Day Moving Average) today, a bad sign.
AMEX Internet Index also closed below its 50 dma today, another bad sign. The next support for NASDAQ is 2200 and the next one after that is 2000. The DOW has been holding up much better then NASDAQ. It is still consolidating, backing and filling. It could soon make a very good advance. I will be watching.

DELL today gapped down for a second time(first gap was last Friday) and closed below its 50 dma, a very bad sign.

Good trading,

Christopher