Forum Archive Index - October 2000

["P Maiden" <pmaiden@xtra.co.nz>]

I have decided that SKY could be worth a bit of a go - based on some old fashioned research that assesses the share should be worth about  420 to 440 - bearing in mind future activity.

However current market sentiment means I will wait a few days or so to see what happens.

I am not one (time constraints etc) for analysing charts in depth but the SKY chart is interesting.

Bottom of the cyclical troughs of  230 on 16/12/98, 285 on 10/11/99, 290 on  7/1/00 and 325 today all plot on a straight line.

Excluding crazy times in early 2000 the peaks of 350 on 11/2/99, 370 on 20/7/99 and 421 on 31/700 also plot on a straight line and is parallel to the line through the bottom of the troughs.

Could a charting expert out there tell me whether SKY is likely to trade within this band . If so would one expect the price to steadily increase to around $4.60 in the next 100 days or so and then fall back to about $3.80

 

Like to hear views

Peter