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[sharechat] TLS Chart


From: Phaedrus <Phaedrus@techemail.com>
Date: Mon, 1 Sep 2003 13:43:23 -0700 (PDT)


W69,
    Here is an updated TLS chart with a 200 day simple moving average. You can 
see that, while this indicator had limited use on its own, it provided 
excellent confirmation of the trendline break "Buy" signal. A longer term 
moving average would be better for anyone wanting to act on that alone.
 This remains a nice tidy chart and shows just how well TA can work on heavily 
traded stocks. It gives the lie to the claim that the use of technical analysis 
automatically and inevitably leads to overtrading.
       Regards,
                Phaedrus.

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