Forum Archive Index - July 2002

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

Kiwi
Very interested to know what you are using as an automatic trend line ?
I was also interested in your 'Bear Flag Signal".
Please elaborate - always pleased to hear others ideas.

To me, technically speaking, a bear flag is a sharp, strong volume decline
on a negative  fundamental development, then several days of sideways to
higher price action on much weaker volume followed by a second, sharp
decline to new lows on strong volume. (See diagram)

I will personally start getting concerned if the price drops below $2.75,
although I am currently out of the stock, and waiting for a possible
re-entry signal. (Short term play)

Andrew

----- Original Message -----
From: Kiwi <Kiwi@Pitstock.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, July 11, 2002 2:04 PM
Subject: Re: [sharechat] CLI


> CLI.AX gapped down through my automatic trend line. Thats a bearish signal
> in the short term.
> Could also call it a bear flag signal.
>
> Chart is here http://www.pitstock.com/charts/cli2.html
>
> Kiwi
>
>
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CP26bearflag.gif

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