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Re: [sharechat] TLS Chart Update

From:	"Ted" <media@umc.co.nz>
Date:	Wed, 12 Feb 2003 18:00:32 +1300

Phaedrus

Thanks for the clarification. I understand what you mean now regarding tentative and confirming trendlines.

A number of your charts regularly though give a time period of 12-18 months.

If you had posted this CSL chart for this length of time, would your advice not be different? ie. would there not be several buy/sell signals based on the trendline over this period? There appear to me (it is hard to see accurately on this chart though I agree) to be lines which would in fact have one looking to buy/sell as supports are breached. I would still be interested in you separating the periods I mentioned to show that different signals encouraging more regular trades would not in fact have been sent.

Cheers

Pupil Ted

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