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From: | "Wedde, John" <John.Wedde@weltec.ac.nz> |
Date: | Wed, 3 Oct 2001 15:04:49 +1200 |
ITC continues its rise --- up over 9% today. Anybody got any explanations? Have DVI begun to make significant sales? What news on Virtual Spectator? Anything else --- Hookups to more funds perhaps? Phaedrus ---- are you getting tempted? Cheers, John -----Original Message----- From: Phaedrus [mailto:Phaedrus@techemail.com] Sent: Wednesday, 3 October 2001 10:53 To: Sharechat@sharechat.co.nz Subject: [sharechat] ITC Matthew, Re your comments :- >>> What I see here is that ITC are now at the beginning of an uptrend <<< Right. For the first time in well over a year ITC is above a confirmed trendline, and in an uptrend. >>> Would I be correct in saying that they should go to 16c in the near future? <<< No. Who knows what they will do in the future. If the uptrend does continue, we can reasonably expect resistance at levels of previous resistance, specifically at 9, 13.5 and especially 16 cents. >>> if a break through there occurs could it be all on for a big ride? <<< Why should there be a big ride? There are plenty more historical resistance levels that would need to be overcome. Take a look at the double top at 21 cents for example. As you rightly observe though, a break above the 16 cent resistance level would be significant. All we really know is that a system that has very effectively (and profitably) kept us out of ITC for well over a year will now permit a purchase, if we wish. This is clearly significant. Exactly how significant will be revealed by future price movements. Regards, Phaedrus. _____________________________________________________________ Are you a Techie? Get Your Free Tech Email Address Now! Visit http://www.TechEmail.com ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/ ########################################################################### This e-mail message has been scanned for Viruses and Content and cleared For queries on e-mail scanning email the postmaster@weltec.ac.nz ########################################################################### ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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