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Newly2b

07/08/04 7:31 PM

#267080 RE: Mapleton #267017

COMPX

Sounds reasonable. Looking at today's chart,

http://www.ttrader.com/mycharts/display.php?p=24120&u=newly2b&a=Newly%5C%27s%20Charts&id...

I see we broke the rising trendline from the 10/10/02 low today, and left a tiny gap overhead at 1996 earlier this week. Support in the 1915-1920 area looks pretty good, but there is that pesky little unfilled gap below at 1888 not to mention the target of 1865 for the Rising Wedge we fell out of this week. Until I feel confident we are not going all the way down there in the near future, I will use any rally to lighten up on longs. Just my WAG, FWIW.

N2B