Forum Archive Index - April 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Hello Phaedrus/All

I hope Sharechatters will be interested in viewing CLI from another aspect.
This chart shows the nature of CLI as a down trending stock now in a medium
term uptrend. I mentioned this as a possible purchase opportunity on
Sharetrader  4 April as it approached the bottom trend line.

Andrew

----- Original Message -----
From: Phaedrus <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Thursday, April 11, 2002 11:39 AM
Subject: [sharechat] CLI Chart


> This old favourite of Gerry's has given a buy signal, the chart below
shows a trendline break and a Price/Volume climax. While this is no where
near as strong a signal as a similar one in October, volume was still more
than triple the average. As you would expect with a decisive trendline break
like this, oscillators such as W%R, Stochastic, RSI etc have all given buy
signals, having moved out of the oversold zone. MACD has given a buy. Slower
trend indicators such as DMI have yet to cross over.
>
>                Phaedrus.
>
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CLI11.gif

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