Forum Archive Index - March 2003

[Phaedrus <Phaedrus@techemail.com>]

Mark,
      Since the last chart was posted, the short-term downtrend has reversed, 
and SKC is now in a short-term uptrend. The medium-term uptrend still holds - 
the trendline has not been broken. In fact, the medium-term trendline has been 
re-confirmed as price action has "respected" it yet again. 
 While a break of the medium-term trendline would constitute a Sell signal, it 
is often not worth attempting to trade the secondary trends of stocks in good 
long-term uptrends like this one.
 This chart of SKC shows a picture perfect uptrend. Notice how every 
medium-term trendline was confirmed before being broken. Notice how the 
long-term uptrend has proceded with the medium-term trends giving a series of 
higher highs and higher lows. The confirmed long-term trendline has been in 
place since 2000. Nice.
       Regards,
                  Phaedrus.

_____________________________________________________________
Are you a Techie? Get Your Free Tech Email Address Now! Visit 
http://www.TechEmail.com

_____________________________________________________________
Select your own custom email address for FREE! Get you@yourchoice.com w/No Ads, 
6MB, POP & more! http://www.everyone.net/selectmail?campaign=tag

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/