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

To: Lynn who wrote (49379)	2/24/1999 12:51:00 AM
From: Satish C. Shah	Read Replies (3) \| Respond to of 97611

Hello: Here is my take on TA for CPQ as of this evening. Look at the chart... iqc.com Now, if I understood Murphy's book (same one I recommended to Victor a few days ago on this thread) correctly, here I go. Bollinger band: neutral but trending to overbought (that means sell) Candlesticks: the morning star pattern of last five candles. Buy RSI: Neutral but trending towards oversold means buy (current value=33.19, 30 or below is a buy). Please do not ask me how one indicator is going towards overbought and other at the same time to oversold. Stochastics: %K line crossed %D line from below, it is a buy signal. MACD: The signal (value=-0.61)line is trending towards a buy signal, the slope of the line turned up. It will be an outright buy, when the line crosses the 0 value and becomes positive. DMI: Is buy because +DI line crossed from below -DI Line (actually it did that yesterday and is continuing today) Now if you believe all this, Victor has bridge he wants to sell you. I might even get some commission. Forget the commission he is very mad at me. Regards, Satish PS: To all those experts on TA out there: Please tell me where my interpretation is wrong. thanks.