Forum Archive Index - October 2001

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Phaedrus

>From what I see here is that ITC are now at the beginning of an uptrend. 
Would I be correct in saying that they should go to 16c in the near future 
and if a break through there occurs it could be all on for a big ride?


>From: Phaedrus <Phaedrus@techemail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: Sharechat@sharechat.co.nz
>Subject: [sharechat] ITC
>Date: Mon, 1 Oct 2001 19:18:39 -0700 (PDT)
>
>   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.
>
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><< ITC.gif >>


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