Forum Archive Index - March 2003

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

Dear Phaedrus,

Good thoughts AND insight.  I had not thought of the third trendline, but that 
would make for a good short term trade on a breakout from that downtrending 
line (yet to be developed).  On a FA basis, however, I wouldn't hold this stock 
with Domino's preparing an invasion.  Thanks again.

Allan




 --- On Sun 03/02, Phaedrus < Phaedrus@techemail.com > wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Sun, 2 Mar 2003 13:54:12 -0800 (PST)
Subject: [sharechat] RBD Chart

Allan,
      RBD is in an accelerating downtrend. The original red downward trendline 
has become obsolete. I presume you want to monitor this stock with a view to 
buying at some time in the future. I would suggest that you could use a simple 
150 day moving average, and/or the magenta trendline to gauge price action.
 I am not sure how actively you wish to trade, and it may be that these two 
indicators are too conservative for you, in which case look to draw a new 
(presumably steeper) trendline taking in the peak of the next upward corrective 
move. Alternatively, you could use a shorter term moving average.
    Regards,
              Phaedrus.

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