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Post# of 704049
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madrose1

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madrose1

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Re: madrose1 post# 207608

Friday, 02/20/2004 10:21:54 AM

Friday, February 20, 2004 10:21:54 AM

Post# of 704049
COMPX Nasdaq Composite slips below 50 day avg (2036 -9.40) -- Technical --

Minor early strength quickly dissipated with the index slipping below its 50 day simple mov avg (2039). It held above support at the 2028/2025 (congestion area) and bounced but has thus far been unable to stabilize back above the average. Failure to hold above this level and breach next resistance in the 2049/2052 zone leaves it vulnerable. Secondary support is at 2022/2020 (congestion) followed by the Feb low of 2012.

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