Forum Archive Index - October 2001

[Phaedrus <Phaedrus@techemail.com>]

Adam,
     These two stocks have similar charts. They have both broken a short-term 
downward trendline, but only by crabbing sideways. Overall, both are in 
long-term downtrends, and in a shorter timeframe both are esentially trendless 
right now. Both are very lightly traded, with only about $50,000 turnover for 
the entire day today, for example. Prices are bouncing around in a random 
manner in quite narrow ranges, Technical analysis does not work well on stocks 
like this, and I am loathe to read too much into any daily price movements, let 
alone intraday movement as depicted by candlesticks.  
  Arun, go to the Education section of Sharechat. The answers to most of your 
questions are there.
  DR. Is Antonov a hidden treasure? Not to anyone that has held it for 3 years 
or so - they have lost half their investment. To someone who bought at the 
trendline break? Absolutely. A gem. Not hidden though!
        Phaedrus.

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