Forum Archive Index - April 2004

[Phyllis Bergquist <phyl@clear.net.nz>]

Dear Phaedrus
Am making a chapter heading "PHAEDRUS" in my book which will contain
trendlines.    You have saved my bacon from enthusiasm
and I thank you    Phyllis.

To: <Sharechat@sharechat.co.nz>
Sent: Wednesday, April 21, 2004 10:55 AM
Subject: [sharechat] BRW CRS VSG


> Chris,
>       Technically, I am a bit puzzled by your enthusiasm for these 3
stocks.
>  BRW has been in a downtrend for months. It may have found support at 46
cents, but it would take a brave punter to call this the bottom and buy. It
could just as easily be another low in a continuing downtrend.
>  CRS is also in a downtrend and has made a new low, having broken below
its 51 - 58 trading range.
>  VSG is in a narrow trading range - has been for all of this year.
Statistically, these are more often continuation patterns, though in 43% of
cases, they break to the upside. Are you feeling lucky?
>          Regards,
>                   Phaedrus.
> PS : I'd hate to be responsible for snuffing out your spark of interest in
TA - don't give up!
>
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