Forum Archive Index - August 2002

[Phaedrus <Phaedrus@techemail.com>]

 AIA gives an excellent example of a "V" reversal, where a clear uptrend goes 
straight into a clear downtrend. This stock gave a trendline break Sell signal 
nearly 3 months ago, and has been trending lower ever since. When price 
channels are this obvious, there is no need for any supplementary TA such as 
indicators, or even trendlines.
 Re-entry into this stock would be signalled by price action breaking above the 
current confirmed trendline, or by breaking above the plotted 50 day moving 
average.
 AIA remains in a long-term uptrend, and long-term holders of this stock would 
not be attempting to trade these medium-term price trends.

                    Phaedrus.

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