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[sharechat] TEL Long-term Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Thu, 14 Jun 2001 19:05:14 -0700 (PDT)

 This chart is another example of the value of Trend Indicators to Long-term 
investors. If you had bought TEL at the trendline break in August 1994, ($4.70) 
and sold at the trendline break in August 1998, ($7.80) you would have made 66% 
capital gain in 4 years. If you waited for the Qstick sell signal, the gain 
would have been 80% in 5 years. Both translate to about 16% per annum. Buying 
and holding would have meant a capital gain of 18% in 7 years, about 2.5% per 
annum. Actual returns would be higher than these figures, because of dividends 
received. I have not plotted the parabolic SAR on this chart because it gave 
more signals than would be acceptable to long term traders of this stock. Note 
the Resistance at $9.80, and the long-term Support at about $4.50.
               Phaedrus.

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