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[sharechat] TEL

From:	"Les" <openmind@paradise.net.nz>
Date:	Thu, 7 Sep 2000 10:02:24 +1200

If TEL can,t hold 6.30 today and build on it things are looking very grim for the short term. Its break below $6.50-6.60 was bad news.

My graphs only go out 3 years so I can't see the next resistance, anyway longer term resistances are much more subjective than say 1 year or less. The steep decline would indicate to me that $6 or less may easily be achieved, be very carefully and don't touch the warrants until a new trend has emerged.

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