Forum Archive Index - October 2001

[Adam Rands <adamlist@iguana2.com>]

Phaedrus

Like most others i have been enjoying your contributions over the last few 
weeks.

I would appreciate your insights into ASX:EBT

As many know i am a holder of the stock and am positive about its future 
outlook.

However after reading your analysis of ITC I have a feeling EBT is in the 
same trend (an assumption)

I have noticed buyers always springing up around the 16.5 level - once 
again can you confirm this

Cheers

Adam

At 12:18 PM 2/10/2001, you wrote:
>   Because trendlines are straight, they represent a linear time/price 
> relationship. If the rate of change of a stocks price changes (the trend 
> accelerates) a new trend line will be required to represent the new 
> time/price relationship. The attached chart of ITC gives an excellent 
> example of this. A steady downtrend accelerated and became steeper, then 
> accelerated again to become a nosedive. Use of these three confirmed 
> trendlines kept you out of ITC for well over a year, while it followed an 
> inexorable downward path.
>          Phaedrus.
>
>_____________________________________________________________
>Are you a Techie? Get Your Free Tech Email Address Now! Visit 
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