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RE: [sharechat] Phaedrus - a compliment on your FRU chart

From:	"Ian Rawnsley" <ianr@ie3.co.nz>
Date:	Fri, 25 May 2001 22:49:27 +1200

I have not any personal interest in Frucor, but the charts foretold anyone who wished to observe what was likely to happen.

The OBV, CCI, RSI and Stochastic Indicators (as had the TCI Indicator) had topped out on 19/04.

Than MACD (which lags behind the other Indicators) had closed BELOW the trigger line on 27/04.

By the weight of evidence of Technical Analysis, from about 19/04 onwards, Frucor was a SELL.

Ian

-----Original Message-----
From: owner-sharechat@sharechat.co.nz [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of nick
Sent: Friday, May 25, 2001 9:16 PM
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Phaedrus - a compliment on your FRU chart

Frucor was doing well right up until it announced

its downgrade. How could a chart have foretold this?

especially when the shareprice was rising prior to announcement.

nick

References

Re: [sharechat] Phaedrus - a compliment on your FRU chart nick

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