AI
Tuesday, September 23, 2003 2:21:45 PM
COMP CHARTS -- my take on the next few weeks/months
Analysis:
Buying a bounce off the neckline, which should come in the 1855-1870 area, seems like the plan.
Current up-channel gives COMP plenty of room, and none of the longer moving averages are in play at all.
Looks like Bollinger Bands need to pinch down a bit more, and price needs to drop relative to the 20 EMA before this can really turn back up hard.
Analysis:
Buying a bounce off the neckline, which should come in the 1855-1870 area, seems like the plan.
Current up-channel gives COMP plenty of room, and none of the longer moving averages are in play at all.
Looks like Bollinger Bands need to pinch down a bit more, and price needs to drop relative to the 20 EMA before this can really turn back up hard.
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