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Thursday, February 01, 2007 7:45:39 PM
Some of you t/a people will laugh at this chart. But, basics are revealing. Note the slope of the tops have changed which indicates accelerating price movements. The thin top slope and the thicker bottom slope indicates an extension of the run two months out. Note the lines of resistance that were easily penetrated with a minimum of consolidation. Should we assume that the next even weaker lines that only mark psychological resistance should behave any differently? This is classic 1980s charting without the bells and whistles. I would draw the series of flags and penants, but those aren't as comical as the simplest lines.
doc.feelgoode@yahoo.com
"It ain't what they call you, it's what you answer to." --WC Fields
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