Forum Archive Index - July 2002

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

Morgy

I have sent a very long reply to you personally. Trust that is OK

Andrew

 

----- Original Message -----

From: Morgy

To: sharechat@sharechat.co.nz

Sent: Wednesday, July 10, 2002 2:52 PM

Subject: [sharechat] CLI / trading ranges/ market situation

Andrew

 

For a short term trader going back to 97 seems a like a long timeframe?. I am interested though in how you have made money on this stock in the current downtrend, is their enough margin to warrant a channel trade or are you buying on the break back towards  the trend lines or thirdly are you shorting this stock ?.

Would be most interested in your comments as I think given the current ASX market there will be alot of this type of chart in the short term trading situation. I have been visually going through ASX 500 charts to get a feel for where they are and a great percentage have fallen into a trading range which given the current situation would seem reasonable, would you concur with this and where do you see the short term trader such as yourself making money at the moment?.

 

Regards

 

Morgy