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[sharechat] Resistance

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 5 Feb 2003 20:30:20 -0800 (PST)

Hugh!
      Welcome back. You may have missed the CDI chart I posted on 2/2/03. Here 
is an updated version. Twenty times, spread over three years, this stock has 
stopped at exactly the same level. I felt that it was a good example of 
Resistance. 
 In your post of 12/1/03 you said "As an economist I can't help observing that 
resistance and support are rubbish". What, then, would you call the phenomenon 
illustrated here? 

     Regards,
               Phaedrus.
 

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