Forum Archive Index - February 2003

["Allan Potts" <ajp7079@excite.com>]

Phaedrus -- resistance??

Resistance is too mild;looks more like a reinforced concrete ceiling to me.  We 
could use one of these UNDER (support)  WHS at the moment.

Keep up the great work.

Allan

PS.  On the way home this evening please everyone stop at the Warehouse and buy 
something, anything and lots of it.

Allan


 --- On Wed 02/05, Phaedrus < Phaedrus@techemail.com > wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Wed, 5 Feb 2003 20:30:20 -0800 (PST)
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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