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[sharechat] PHY Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Fri, 6 Dec 2002 18:52:34 -0800 (PST)

Phyllis,
        PHY could be viewed as being in a shallow longterm downtrend, and/or in 
a wide ($2.80 - $4.80) trading range. Oscillators (rather than trend 
indicators) work best in this type of situation. Backtesting reveals that an 18 
day Relative Strength Index is one of the better oscillators to use on this 
stock. It gave two buy signals quite recently. PHY is in a short-term uptrend, 
and has recently broken above the medium-term trendline. As a buy, and in the 
short and medium term, it looks good. Longterm it is going nowhere at all, as 
yet.

  Regards,
            Phaedrus.

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