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From: | "Peter" <pmaiden@xtra.co.nz> |
Date: | Sun, 29 Jul 2001 16:39:27 +1200 |
Phaedrus -
looks like a bad Monday comimg up for some, As usual very informative and I hope
that more and more sharechatters take note of what trends are saying. There
usually is a story behind the lines on a graph.
Re AMP -
volume last week averaged 3.6 million shares per day against 1.6 million the
week before. Without doing a deep analysis it looked like a pretty busy week for
AMP on a historical analysis. Price going down on solid volumes not a good
sign.
The only graph that is going the
opposite way to what I think it should be is CAH. Definitely broke through a
downtrend the other day (even after a bad earnings announcement) and is still
heading north. Must be a story behind that somewhere - if only I knew what
it was..
Cheers
Peter
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