Forum Archive Index - April 2003

[Phaedrus <Phaedrus@techemail.com>]

W69,
    I fear that the years of waiting for a TLS trendline break may have been 
too stressful for you! The price action of the last few weeks does look a bit 
hopeful, but it is still well below the trendline. 
 Many short-term technical indicators have given Buy signals by now, just as 
they have many times over the last 3 years. Look how many times there have been 
rallies in the past - each and every one failing at or below the longterm 
trendline. 
 Be a sensible chap and wait. I am going to - even if it eventually means 
paying more. As a confirmed trend-follower, I do not expect to buy at the low. 
Ever. 
 Many people would have bought TLS and regretted it, over the course of this 3 
year downtrend. It's not over till the fat lady sings.
        Regards,
                 Phaedrus.

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