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Re: [sharechat] Resistance


From: "gooner" <nickk@quicksilver.net.nz>
Date: Thu, 6 Feb 2003 21:13:44 +1300


Simple answer Phaedrus - Rubbish!

----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Thursday, February 06, 2003 5:30 PM
Subject: [sharechat] Resistance


> 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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